$QS QuantumScape Tape Reports
Per Ticker.id: $QS QuantumScape Tape Reports — 1 podcast mention across 1 podcast (30 days), latest 2026-08-19 23:04 UTC.
Reminiscent of the dot-com era in the late '90s when anything connected with the internet was beloved until the market was flooded with excess supply. The whole group collapsed in the year 2000. I'm going to give you a really concrete example from 2020. It's a company called Quantum Space. Quantum Space, which in retrospect was basically a science experiment. Looking to develop better battery technology for electric vehicles. Anyone can develop better, more efficient batteries with the ability to charge very quickly and you can make a killing even in a world where electric cars have lost some of their luster. But QuantumScape was a long way from having anything they could actually commercialize and they could sell. Even 4 years later, these guys still didn't have any meaningful revenue. Back in 2020 and early 2021, Wall Street was still giving the benefit of the doubt to anything connected to electric vehicles. QuantumScape came public via a SPAC deal. And you have to be— you remember, you have to be really skeptical of those. And when that merger was announced, the SPAC it was merging with saw its stock more than double in just 2 trading sessions, putting it in the 20s. Now, during this initial period of maximum hype, the stock— I know this will be crazy, but stock shot up to nearly $132. And that's where it peaked in December 2020. Then we started seeing short sellers come out of the woodwork arguing it was a scam. Scam. And Wall Street gradually lost interest in companies with zero profitability, let alone super speculative names like QuantumScape. No revenue. In the end, the stock got obliterated by late 2022, was in single digits, has only been able to bounce above those levels at times thanks to what I regard as an occasional short squeeze. And look, QuantumScape's hardly alone. Don't mean to pick on it. All sorts of electric vehicle plays that came public during the IPO frenzy of 2021 got crushed. Rivian, although it ended up coming that, but Lucid, Nikola, Canoo, The Lion Electric, Lightning Motors, Lordstown Motors, Faraday Future, Intelligent Electrics, all saw their stocks plunge more than 90% from peak to trough. Many, like Nikola, turned out to be— well, had some fraudulence. Their founder and CEO was even sentenced to prison. Again, though, we had roughly 600 companies come public just in 2021.
Jim Cramer — Mad Money w/ Jim Cramer · Mad Money w/ Jim Cramer 8/19/26 · 2026-08-19