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Benzinga
Benzinga
Business
Henry Khederian

QuantumScape (QS) Stock Is Sliding Tuesday: What's Going On?

QuantumScape QS QuantumScape Corp Powerco
QuantumScapeQSE-5-and-A0-Prototype-2

Shares of solid-state battery developer QuantumScape Corp (NYSE:QS) are trading sharply lower Tuesday, despite a lack of company-specific news during the session. The move comes after the company reported second-quarter financial results last Wednesday that surpassed analyst expectations.

What To Know: QuantumScape announced quarterly losses of 20 cents per share, beating the analyst consensus estimate of a 22-cent loss and improving from a 25-cent loss in the same period last year.

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