Asia is currently the electric vehicle battery-making hub, and all the top manufacturers are based out of the continent. The U.S. could play catch-up, according to Loup Funds’ Gene Munster.
QuantumScape's (NYSE:QS) short percent of float has fallen 17.31% since its last report. The company recently reported that it has 48.13 million shares sold short, which is 17.72% of all regular shares that are available for trading.
The West’s dependency on China for rare earth metals used in electric vehicle batteries has remained a top issue, both geopolitically and financially, for some time.
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
QuantumScape (NYSE:QS) reported its Q2 earnings results on Wednesday, July 27, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
QuantumScape missed estimated earnings by 22.22%, reporting an EPS of $-0.22 versus an estimate of $-0.18.
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.