QuantumScape shares rise 9% as battery play picks up steam
QuantumScape shares jumped 9.13% to $8.37 Thursday, outpacing the S&P 500 and Nasdaq. The company reported initial QSE-5 cell production from its new Eagle Line and ongoing partnerships with Volkswagen and other major automakers. First-quarter net loss reached $100.8 million, with $904.7 million in liquidity at quarter’s end. QuantumScape reaffirmed its full-year adjusted EBITDA loss guidance.