QuantumScape Reported a Surprise Profit. The Stock Is Dropping.

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Updated Oct. 26, 2021 7:06 pm ET / Original Oct. 26, 2021 5:05 pm ET

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Stock in solid-state-battery pioneer QuantumScape is down after the company reported third-quarter financial results.

QuantumScape (ticker: QS) made money—a surprise for a company with no sales. But investors should remember, results just don’t matter. QuantumScape is a pre-sales technology startup, and technical progress is the name of the game. Quantum’s advances continue, and things are roughly on schedule.


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