From Seekingalpha · Danil Sereda · · 30s
QuantumScape Q3 Earnings Preview
QuantumScape's Q3 earnings delayed by commercialization setbacks.
In brief
QuantumScape's Q3 earnings delayed by commercialization setbacks. QuantumScape's Q3 earnings delayed by commercialization setbacks. Originally reported by Seekingalpha.
QuantumScape downgraded
QuantumScape is downgraded to Hold due to persistent commercialization delays and a shrinking EV market TAM.
Product launch delayed
QS's collaboration with PowerCo SE extends product launch to 2029 and reduces milestone payments.
Revenue recognition delayed
Revenue recognition delayed with first positive eps now projected for 2033.
The big picture
QuantumScape's Q3 earnings delayed by commercialization setbacks.
