Why QuantumScape Stock Fell in April

Battery start-up QuantumScape (NYSE: QS) was one of the more successful electric vehicle-related companies that went public via a special purpose acquisition company (SPAC) in 2020, with its stock quickly jumping more than 400%. In April QuantumScape was hit by the other trend impacting auto SPACs, a critical short report, and the stock fell 18.3% for the month as a result, according to data provided by S&P Global Market Intelligence. QuantumScape is developing a solid-state battery that would be a huge improvement over the lithium-ion batteries currently used to power electric vehicles, but its tech is still years away from commercialization.