QuantumScape’s Stock Surge: Is This the Long-Awaited Breakout That Could Rewrite EV Investing?
Building Permits and Housing Starts both printed better than expected on Friday morning, and survey results from the University of Michigan showed Consumer Inflation Expectations falling sharply.
Shareholders are excited for QuantumScape to release a quarterly business update next Wednesday, July 23, where the market expects management to lay out an updated roadmap for commercialization prospects.
QuantumScape technical analysis
QuantumScape stock traded above $15 per share on Friday for the first time since May 2022. Though QS stock has seen many rallies over the past three years, this one is the longest and strongest by far. QuantumScape stock has risen sharply for three weeks in a row following the June 24 announcement of its Cobra separator process, reducing production speeds by up to 25x.
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