The battery developer has a wide range of outcomes over the next decade.

Investors fell in love with electric vehicle ( EV ) and electric battery companies in 2020 and 2021. One company that went public during that time was QuantumScape ( QS -0.85% ) , which was trying to commercialize solid-state batteries, and hit a market cap of over $45 billion even though it had zero revenue.

Unsurprisingly, the last few years have been disappointing for QuantumScape shareholders. The stock fell over 95% from all-time highs, and is still down 88% from its peak, even though it has made a large recovery so far in 2025.

What is driving this stock price comeback? The company may finally be close to commercializing its potentially revolutionary solid-state batteries. Here's what investors ne

See Full Page