QuantumScape Stock Jump: Eagle Line Puts $11 Million Behind Battery Bet
QuantumScape shares closed up 4.9% at $8.42 Tuesday and rose further after hours, following news of $11 million in first-quarter customer billings and progress at its Eagle Line pilot facility. The company reported a $100.8 million GAAP net loss for the quarter and continues to operate at a loss while ramping solid-state battery production.