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Sunday, 04/18/2021 3:44:35 PM

Sunday, April 18, 2021 3:44:35 PM

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QuantumScape CEO considers legal action after short seller report, Apr. 18, 2021, By: Josh Fineman
- QuantumScape (NYSE:QS) CEO Jagdeep Singh said the battery maker is considering legal action after Scorpion Capital released a short report last week. QuantumScape shares have fallen 13% since the report was published.
- “Some of the points in there are just, just absurd. Absurd to the point where there are... things that we would want to take o legal action on,” Singh said in an interview om CNBC's “Mad Money” show late Friday.
- QuantumScape said last week in a Twitter post that QS "stands by its data, which speaks for itself. We have provided higher transparency than any other solid-state battery effort we are aware of, with details on current density, temp, cycle life, cathode thickness, depth of discharge, cell area, pressure."
- On Friday, Cowen analyst Gabe Daoud said the QuantumScape short call "regurgitates" risks already disclosed.

Link: https://seekingalpha.com/news/3682775-quantumscape-ceo-considers-legal-action-after-short-seller-report?utm_source=advfn.com&utm_medium=referral
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