QuantumScape Corp

QS

Market cap $6.34B

QuantumScape has made nice progress toward commercializing its battery technology. Investors see the risk/reward balance shifting.

QuantumScape (QS +0.09%) is betting everything on solid-state batteries and a 2029 commercialization timeline. I break down why the upside could be massive, why the risks are real, and what investors must watch before taking a position.

The energy storage sector sits at the intersection of renewable energy expansion, grid modernization, and electrification.

Tesla‘s (Nasdaq: TSLA) stock is at a crossroads. Investors are now more interested in fields like building a fleet of robotaxis, progress in robotics, and future addressable energy markets relative to how many car deliveries the company achieves in a given quarter. Overall, while Tesla's 10-year chart is incredible, the company's stock has underperformed the broader market across the last five years.

QuantumScape (QS 2.43%) is making progress toward commercialization after announcing a new top ten automaker partnership and expanding its work with Volkswagen and Corning. If the company executes successfully and solid-state battery demand accelerates, QuantumScape could unlock meaningful upside over the next several years.

QS and two auto giants, TM and TSLA, are ramping EV battery bets, from solid-state breakthroughs to new U.S. plants, as demand for longer-range EVs grows.

QS' solid-state battery advances and OEM backing are stacked against SES's broader lithium-metal and AI push as investors compare battery strategies.

Factorial Energy aims to go public in 2026, raising $100M to bring solid-state batteries to market and challenge QS and SLDP.

The QuantumScape stock price has suffered a harsh reversal in the past few days as it plunged by ~40% from its highest point this year. It was trading at $11.20, down from the year-to-date high of $19.

Here we present four EV stocks, BLBD, WKHS, QS and CHPT, spanning vehicles to batteries and charging, that are set to benefit as global e-mobility adoption accelerates.