QuantumScape News: VW’s Deal and Updates For $48M Investor Settlement

Hey guys, if you missed it, QuantumScape just agreed to mass-produce batteries for VW. That’s good news – even better after the issues they had with the batteries before.

Long story short: it all started in 2020 when QuantumScape announced its "advancements" in its technology (battery life, charge time, and scalability). But not much time later, on Seeking Alpha, there was published a report called "QuantumScape’s Solid-State Batteries Have Significant Challenges".

They basically said that QS will likely never achieve the performance they claimed due to cost issues, overheating, and vibration-related defects. After that, the QS fell, and they were suited by investors. 

Now they finally decided to resolve this scandal by paying almost $48M to investors. Deadline is in a few weeks. So, if you were damaged back then, you can check it out here, guess it'd be useful.

I guess this new deal with VW means that QS is doing better now, but anyways, were you an investor back then? How much were your losses back then?