QuantumScape stock soars toward 5-month high as EV battery maker looks to bring first product to market ‘as rapidly as possible’

Shares of QuantumScape Corp. QS rallied 12.8% toward a five-month high in afternoon trading Thursday, after the developer of batteries used in electric vehicles reported a second-quarter loss that surprisingly widened, but said it was “working closely with a prospective launch customer” in the automotive market. The stock had rocketed as much as 41.5% soon after the open before pulling back.

8% toward a five-month high in afternoon trading Thursday, after the developer of batteries used in electric vehicles reported a second-quarter loss that surprisingly widened, but said it was “working closely with a prospective launch customer” in the automotive market. The stock had rocketed as much as 41.5% soon after the open before pulling back. The company said the goal in working with the automaker is to bring its first product, the QSE-5, to market as “rapidly as possible.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

RTX stock slips after BofA downgrades on 1st day of company’s new nameShares of RTX Corp. formerly known as Raytheon Technologies Corp., slipped 0.2% in morning trading Thursday on the first day under the aerospace and defense...
Source: MarketWatch - 🏆 3. / 97 Read more »

Genernal Dynamics stock rises toward 3-month high after earnings beat, amid record backlog and strong cash flowShares of General Dynamics Corp. rallied 1.8% toward a three-month high in premarket trading Wednesday, after the aerospace and defense company beat...
Source: MarketWatch - 🏆 3. / 97 Read more »

Alphabet stock jumps on earnings while Microsoft shares dip, and other stocks on the moveAlphabet, Microsoft, Dish Networks and PacWest Bancorp are among the stocks in the spotlight.
Source: MarketWatch - 🏆 3. / 97 Read more »

Company involved in NYC crane collapse tied to previous disasters, shady ‘King of Crane’New York City Crane & Equipment Corp. was founded and operated by controversial businessman James Lomma.
Source: nypost - 🏆 91. / 67 Read more »

Company involved in NYC crane collapse tied to previous disasters, shady ‘King of Cranes’The company that owns the crane that caught fire and partially collapsed in Hudson Yards, was founded by a shady construction magnate and self-proclaimed “King of Cranes” whose machines were involved in two deadly incidents more than a decade ago.
Source: nypost - 🏆 91. / 67 Read more »