LOS ANGELES – (BUSINESS THREAD) – Frank R. Cruz’s law firms are announcing on behalf of investors an investigation by QuantumScape Corporation (‘QuantumScape’ or ‘the’ Company ‘) (NASDAQ: QS) into the company’s possible violations of federal security laws.
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On January 4, 2021, Seeking Alpha publishes an article pointing out several risks with QuantumScape’s solid state batteries that make it ‘completely unacceptable for electric vehicles in the real world’. Specifically, it stated that the battery’s power means it will “only last 260 cycles or about 75,000 miles of aggressive driving.” Since solid state batteries are temperature sensitive, the power and cycle tests of 30 and 45 degrees higher would have been significantly worse if they were even a few degrees lower.
On this news, the company’s share price fell by 37% during the intraday trading on January 4, 2021, injuring investors.
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If you have purchased QuantumScape securities, have information or want to learn more about these claims, or have any questions regarding this announcement or your rights or interests regarding these matters, please contact Frank R. Cruz, of The Law Offices of Frank R Cruz , 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by emailing [email protected], or visiting our Web site at www.frankcruzlaw.com. If you inquire by email, you must include your mailing address, phone number and number of shares purchased.
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