QuantumScape stock falls after EV battery maker’s Q4 loss
Shares of QuantumScape Corp.
fell more than 6% in the extended session Wednesday after the maker of solid state lithium metal batteries for electric cars posted a wider-than-expected quarterly loss. QuantumScape also promised to hit several milestones in 2022, including the delivery of samples using the company’s proprietary cell format to at least one customer. The company lost $70.8 million, or 16 cents a share, in the fourth quarter, compared with a loss of $1.3 billion, or $4.42 a share, in the year-ago period. FactSet consensus called for a loss of 10 cents a share. The company said it started with “well over” $1.4 billion of liquidity. Shares of QuantumScape ended the regular trading day down 3%.