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All discussion of QuantumScape QS
- Thread starter TSLA Pilot
- Start date
Does anyone know the correct market cap for QS? I see various numbers online with the SP at $76...
$565M (Google)
$2.2B (CNBC)
$28.1B (Yahoo)
$565M (Google)
$2.2B (CNBC)
$28.1B (Yahoo)
mltv
Member
JRP3
Hyperactive Member
JRP3
Hyperactive Member
TheTalkingMule
Distributed Energy Enthusiast
Quick minor question......are we still unclear on the market cap of this company? Yahoo still says $20B and Google $560M. Kind of makes a difference in my opinion of QS.
CEO is on Mad Money tonight at 6pm Eastern if anyone's interested. Sold my small pile of shares, but might buy back in for cheaper some time off in the new year if the market cap is in reality under $1B.
CEO is on Mad Money tonight at 6pm Eastern if anyone's interested. Sold my small pile of shares, but might buy back in for cheaper some time off in the new year if the market cap is in reality under $1B.
TheTalkingMule
Distributed Energy Enthusiast
Of course it's down 11%! How are these basement-dwelling geniuses gonna front-run TSLA if they got all their parent's money in QS?
Doggydogworld
Active Member
KCAC had ~7m shares outstanding. They issued another ~368m to "buy" Quantumscape. That includes some unvested RSUs and options, warrants, etc., so you can't just multiply 375m by the stock price. But it gets you in the ballpark.
In that case, Yahoo appears to be correct. And I agree with the others who say $20B is too rich for this company at this stage. I sold some of my position last week and plowed it back into $TSLA but am still holding onto some shares.
I think Toyota's news about showing a prototype car next year with their solid state battery was responsible for taking alot of the wind out of QS's sail, sooner than otherwise. Sounds like any actual battery for their first car will still be sometime off. I expect QS stock to fluctuate, just like Teslas, every time some new challenger comes out in the press hyping the latest. From what I read about Toyota's announcement the car is expected to get 310 range miles so just at the level of my 2018 Tesla Model 3, but charging to 80% in 10 minutes. No info on achieved cycles, temperature range, etc. Really nothing else about their battery was released, so to me Toyota's announcement was just put out there to deflect from QS's positive presentation and battery expert comments on it as breakthrough and mainly done to give Toyota some press. I wasn't impressed in the slightest.
According to GreenCarReports quoted here, "The automaker expects electric cars powered by solid-state batteries to have more than twice the range of vehicles using current lithium-ion battery chemistry, with the ability to fully recharge in just 10 minutes, according to the report, which also said Toyota has over 1,000 patents related to solid-state batteries.
I have no idea what size battery they were talking about in their prototype car announcement but it's certainly not double the range I have in my Model 3, which is current lithium-ion battery chemistry, and only expect Tesla to get better. As QS's panelists said it's easy to tout one aspect of solid state research but having all the "and this and this and..." is what will be crucial.
While "Mitsui Mining and Smelting (also known as Mitsui Kinzoku) will build a pilot facility to make electrolyte for solid-state batteries, the report said. Located at an existing research and development center in Japan's Saitama Prefecture, the facility will be able to produce "dozens of tons" of solid electrolyte starting next year, enough to fulfill demand for prototypes, according to the report." No info on what that electrolyte will comprise. Just this summer Toyota's executive VP powertrain division said limited production of solid state batteries would start in 2025.
Toyota EV with solid-state batteries: 10-minute full charge, prototype reportedly due in 2021
According to GreenCarReports quoted here, "The automaker expects electric cars powered by solid-state batteries to have more than twice the range of vehicles using current lithium-ion battery chemistry, with the ability to fully recharge in just 10 minutes, according to the report, which also said Toyota has over 1,000 patents related to solid-state batteries.
I have no idea what size battery they were talking about in their prototype car announcement but it's certainly not double the range I have in my Model 3, which is current lithium-ion battery chemistry, and only expect Tesla to get better. As QS's panelists said it's easy to tout one aspect of solid state research but having all the "and this and this and..." is what will be crucial.
While "Mitsui Mining and Smelting (also known as Mitsui Kinzoku) will build a pilot facility to make electrolyte for solid-state batteries, the report said. Located at an existing research and development center in Japan's Saitama Prefecture, the facility will be able to produce "dozens of tons" of solid electrolyte starting next year, enough to fulfill demand for prototypes, according to the report." No info on what that electrolyte will comprise. Just this summer Toyota's executive VP powertrain division said limited production of solid state batteries would start in 2025.
Toyota EV with solid-state batteries: 10-minute full charge, prototype reportedly due in 2021
FYI: E*TRADE is paying me 52.8819% for loaning out my QS shares, that means the actual shorting fee is ~106%...
JRP3
Hyperactive Member
QS CEO was just on Yahoo Live, only caught the last few seconds, I assume there will be a copy available at some point.
Just read it in my news. Here it is:
QuantumScape CEO: ‘We have all the pieces in place’ for solid state battery production
Jagdeep was on Cramer yesterday as well however a CNBC Pro video interview. Link to it: QuantumScape CEO on breakthrough of solid-state batteries for electric vehicles
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I can't find a better thread for this:-
https://twitter.com/jpr007/status/1339189756823945218
Tesla has a good relationship with Shirley, this battery is interesting and something they should keep tabs on.
The only potential draw back I can think of is cost of the raw materials particularly Silver.
https://twitter.com/jpr007/status/1339189756823945218
Tesla has a good relationship with Shirley, this battery is interesting and something they should keep tabs on.
The only potential draw back I can think of is cost of the raw materials particularly Silver.
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As I think Jagdeep or maybe one of the other panelist mentioned during their Battery Day, over 10 years they tested numerous other compositions and they all were passed on either due to cost or other factors that made them not a good, marketable solution as it needed to hit all the desirable features researchers want in a solid state for powering vehicles. Believe I heard them mention silver sulfides?? Here’s two charts they put up reflecting their testing results that might be helpful to people.
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Yes, price probably makes this battery a niche player for now, but they may be able to find a metal they could substitute for silver, or apply the manufacturing technique to a more conventional battery formula.
This is a bigger issue for QS IMO, not specifically this battery, but the chance someone has a product that equals or exceeds the capabilities of their battery.
Sounds like the UC San Diego research was geared more for powering wearables so different case than vehicles with different conditions required. EL-wire clothing and such has been gaining in popularity but I still see primarily as a niche use.
@MC3OZ, Speaking about automobile plants and batteries actually I saw this newstory from today in the twitter link you posted of more interest.
Tesla Receives Invitation to Build UK Gigafactory with Full Cooperation of Local Authorities
@MC3OZ, Speaking about automobile plants and batteries actually I saw this newstory from today in the twitter link you posted of more interest.
Tesla Receives Invitation to Build UK Gigafactory with Full Cooperation of Local Authorities
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JRP3
Hyperactive Member
Sandy Munro thinks QS may be the real deal. He talks about other people who have come to him with solid state technology which was BS. Around the 13 minute mark.
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