Why These 15 Electric Vehicle Stocks Are Plunging in 2025

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13. QuantumScape Corp (NASDAQ:QS)

Number of Hedge Fund Holders In Q4 2024: 22

QuantumScape Corp (NASDAQ:QS) makes solid-state lithium-metal batteries designed for electric vehicles.

The stock is down significantly so far in 2025 as QuantumScape has struggled to meet its original timeline for commercializing its solid-state batteries. It initially promised commercialization by 2024.

The company has yet to sell a single battery, and insider selling has negatively impacted investor confidence. In late December 2024, Chief Development Officer Mohit Singh sold 180,000 shares worth over $1.1 million, and other insiders sold shares totaling over $2.1 million.

QuantumScape continues to report widening losses, with a net loss of $115 million for Q4 2024 and an ongoing cash burn of approximately $338 million annually. Despite having a cash runway until the second half of 2028, the company’s inability to generate revenue remains a concern for investors.

The consensus price target of $34.37 implies 61% upside.

QS stock is down 20.52% year-to-date.

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