QuantumScape (NYSE: QS ) may be on the way to breakthroughs in 2024, but it’s a long climb before reaching profits and significant revenues. Investors need to tiptoe towards QS, especially those who are risk-tolerant speculators. This is a key part of this QS stock analysis. Grey clouds are overhead because of the company’s financial situation, even with the possible rays of improvements. We’ll talk about why QuantumScape might not be an investment to take a step forward now and ever. Battery Tech Will Not Sustain Professors at Stanford University put together QuantumScape brick by brick back in 2010. They had a dream of making and developing solid-state batteries for electric vehicles. They wanted it to have a higher density, be safer, and have a faster charge. Despite the hurdles, they have outrun performance expectations and shipped prototypes to VW Group. QuantumScape is almost coming to fruition with solid-state battery technology, which could yield financial gains. With EV battery costs ranging from $4,00 to $20,000, solid-state batteries offer sweeter deals than traditional lithium-ion batteries.
You don’t need a deep Tesla (NASDAQ: TSLA ) stock analysis to tell you it’s the worst-performing stock of the Magnificent Seven in 2024 so far. The EV maker has different issues than those confronting rival Rivian (NASDAQ: RIVN ), which just reported terrible earnings that sent its stock careening lower. But the general EV market malaise is heavy enough to weigh on the industry, Tesla included. However, the TLSA also has more in its favor than most other car companies. It might be a bumpy ride for Tesla investors in the immediate future, but what does a TSLA stock analysis say about the longer term? Let’s take a look at where an investment in Tesla might be 10 years down the road. EV Demand and TSLA Stock High interest rates make financing a new car purchase prohibitively expensive for many. Rivian produced over 17,500 vehicles in the fourth quarter, 8% more than the previous quarter, but delivered 10% fewer vehicles, or under 14,000 cars than it did in the third. For the coming year the luxury EV maker sees production being essentially flat at 57,000 vehicles.
VW is reportedly set to revive a popular model as a sporty EV based on the Porsche Boxster and with some retro ''70s styling.The brand is said to be mu
More than 80,000 Volkswagen and Audi vehicles are being recalled in Canada due to a fire risk from jet pump seals located inside fuel tanks, according to a statement from Volkswagen Canada sent to CTVNews.ca.
Verizon Business partnered with Volkswagen Group brand Audi to equip an automotive test track in Germany with a customised 5G network to aid development of smart vehicle technology. The post Verizon accelerates 5G on Audi test track appeared first on Mobile World Live .
Volkswagen Group has promoted from within to fill the vacant global chief marketing officer (CMO) space at its eponymous brand, appointing Susanne Franz to the position. Franz has led global marketing for the group''s Audi brand since 2019. Now, she will be tasked with overseeing Volkswagen''s marketing efforts globally for its passenger car business. Among…
Volkswagen is recalling approximately 261,000 vehicles over potentially faulty fuel tank suction pumps.
After QuantumScape (NYSE: QS ) pulled back the veil on its Q4 earnings, shares saw a 5% dip in after-hours trade on Valentine’s February 14. It showed the face of its 2024 objectives while making a slightly better-than-expected loss per share of 23 cents. It didn’t bring in as much money as expected. Read this QS stock analysis to discover where it’s headed next. QuuantumScape CEO Jagdeep Singh assured shareholders with a pat on the back, in the form of battery efficiency progress and aims for low-volume QSE-5 production. Even though there was competition and lithium price drops. Capital expenditure and adjusted EBITDA projections stay afloat with consistency. Just How Quickly Can QuantumScape Scale Up? There are certainly reasons to be bullish about QuantumScape and the solid-state battery market in general. I’ve always touted the benefits of such breakthrough technologies in previous articles on the company. But it’s also important to point out that with great upside potential comes great uncertainty, and we’re at a certain inflection point when it comes to QuantumScape right now.
European automotive giants Volkswagen AG (OTC: VWAGY ), Renault SA (OTC: RNSDF ), and Stellantis NV (NYSE: STLA ) are reportedly considering an unprecedented partnership to tackle the growing threat from Chinese EV makers and Tesla . What Happened : As reported by Bloomberg on Monday, the automakers are exploring the idea of joining forces to produce affordable EVs, a move that would require them to set aside their historical rivalry. The companies are facing increased competition from Chinese EV firms and Tesla, which has exposed their vulnerabilities. This has prompted a sense of urgency among European carmakers, who realize that the traditional approach is no longer viable. Stellantis CEO Carlos Tavares highlighted the need for adaptation, warning of a potential “bloodbath” in the European auto industry if companies fail to keep up with Chinese competition. See Also: Best Electric Vehicle Stocks The European car industry is also grappling with a slowdown in EV adoption, caused by factors such as the reduction of government incentives, rising repair costs, and consumer frustration over climate policies …