The Hot Battery Startup That Could Zap Tesla

WASHINGTON DC – Investors are enthusiastic about QuantumScape, developer of an electric-vehicle battery that promises more power for less cost. If the company succeeds, Tesla could face new challenges.

One of the wildest plotlines in the great 2020 electric-vehicle rally was the late-year rise of QuantumScape, a battery startup that has yet to report any revenue. If investors are even close to being right about its roughly $44 billion market value, they may need to worry more about the fortunes of Tesla.

QuantumScape’s shares have soared since going public in November. The company revealed promising test results for a limited version of its “solid state” battery in early December, but otherwise the stock’s meteoric ascent…

By Mike Brennan|2021-01-01T17:56:05-05:00January 1st, 2021|Auto Tech, Clean Update|

About the Author: Mike Brennan

Founder of Michigan News Network, and serves as CEO, as well as Editor & Publisher of MITECHNEWS.COM. Brennan has worked since 1980 as a technology writer at newspapers in New York, NY, San Jose, CA., Seattle, WA., Memphis, TN., Detroit, MI., and London, England. He co-founded and served as managing editor of Pacific Rim News Service (SEATTLE), which developed a network of more than 100 freelance journalists in 17 Asia-Pacific countries.