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$QS QuantumScape CEO considers legal action after short seller report

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

Apr. 18, 2021 3:21 PM ETQuantumScape Corporation (QS)By: Josh Fineman, SA News Editor43 Comments
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.

Now read: Sunrun upgraded at Piper Sandler following recent weakness
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