Despite reporting widening losses for the second quarter, QuantumScape Corporation (QS) saw its shares soared last month. Moreover, the company did not report any sales. This was largely due to investors being stirred by the company’s announcement that it was “working closely with a prospective launch customer” in the automotive market. Moreover, QS is ramping efforts to bring its first product to market soon.
However, QS took a drastic downturn this month, significantly dipping after the battery maker said it plans to offer $300 million worth of shares, which indicated further dilution.
