QuantumScape’s Stock Surge: Is This the Long-Awaited Breakout That Could Rewrite EV Investing?
QuantumScape continues to benefit from news of its state-of-the-art Cobra separator process reaching production goals, which will allow the company to begin commercializing its battery technology over the next two years.
The broader market has seen investors head for the exit after a positive week that saw many new index highs. The S&P 500 has gained above half a percentage point this week, while the NASDAQ Composite has tacked on another 1.4% gain through five sessions. However, the NASDAQ Composite was the only one of the three major indices to advance on Friday, in this case by 0.05%.
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