The pre-revenue solid-state battery technology company QuantumScape Corporation (QS) incurred huge losses during the first quarter of fiscal 2023. Furthermore, the company expects to incur significant operating expenses and continued losses in the foreseeable future. Also, intense competition in the EV battery market could affect QS’ business or financial condition.
Given its bleak fundamentals and grim growth outlook, QS is best avoided now. In this article, I have discussed several reasons why investing in this auto parts stock could be extremely risky.
