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<blockquote data-quote="Weather Man" data-source="post: 16609106" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3682775-quantumscape-ceo-considers-legal-action-after-short-seller-report" target="_blank">QuantumScape CEO considers legal action after short seller report</a></p><ul> <li data-xf-list-type="ul">QuantumScape (NYSE:<a href="https://seekingalpha.com/symbol/QS" target="_blank">QS</a>) CEO Jagdeep Singh said the battery maker is considering legal action after Scorpion Capital released a<a href="https://seekingalpha.com/news/3682114-quantumscape-falls-after-new-short-report-from-scorpion-capital" target="_blank"> short report </a>last week. QuantumScape shares have fallen 13% since the report was published.</li> <li data-xf-list-type="ul">“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,” <a href="https://www.cnbc.com/2021/04/16/quantumscape-ceo-mulls-legal-response-to-scathing-short-seller-report.html" target="_blank">Singh said in an interview om CNBC's “Mad Money”</a> show late Friday.</li> <li data-xf-list-type="ul">QuantumScape said last week in a <a href="https://twitter.com/QuantumScapeCo/status/1382787123204354049" target="_blank">Twitter post </a>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."</li> <li data-xf-list-type="ul">On Friday, Cowen analyst Gabe Daoud said the <a href="https://seekingalpha.com/news/3682574-quantumscape-short-call-regurgitates-risks-already-disclosed-analyst-says" target="_blank">QuantumScape short call "regurgitates" risks already disclosed.</a></li> </ul><p></p><p>Senior member of Volkswagen’s EV battery effort “The main issues our engineers and experts are raising are trust in the data, a lack of transparency. Behavior in certain situations like extreme temperatures and so on. This is a big question mark where they’re saying that we are having a lot of issues and a lot of risk. Those are [some of the] core questions that are circling around. They don’t trust that you can charge it in 15 minutes, for example.” </p><p></p><p> #3 “I mean, this seems almost like a sudden discovery. Until about a year back, they couldn't solve the problem, and all of a sudden, it's just solved and not just solved but stabilized and now scalable as well? That's something that I would pause to look at and seriously evaluate from a materials perspective… The core team was extremely strong. Having said that, some of the claims just do not sit well with me because I feel like, like some of the materials, there are certain problems that they just could not have solved…And highenergy-density…That's where the problem is. If they really had a solid-state battery, their claims would be much different…” </p><p></p><p>Former employee #1 Q: “Have they solved the problems that have impeded solid state batteries for the last 50 years, which is what they're representing?” A: “Absolutely not. That much I can tell you for sure. The answer to that is absolutely not.” [..] Q: “Is Quantumscape going to have a product in a car in the next 10 years?” A: “Absolutely not.”</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16609106, member: 137766"] [URL='https://seekingalpha.com/news/3682775-quantumscape-ceo-considers-legal-action-after-short-seller-report']QuantumScape CEO considers legal action after short seller report[/URL] [LIST] [*]QuantumScape (NYSE:[URL='https://seekingalpha.com/symbol/QS']QS[/URL]) CEO Jagdeep Singh said the battery maker is considering legal action after Scorpion Capital released a[URL='https://seekingalpha.com/news/3682114-quantumscape-falls-after-new-short-report-from-scorpion-capital'] short report [/URL]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,” [URL='https://www.cnbc.com/2021/04/16/quantumscape-ceo-mulls-legal-response-to-scathing-short-seller-report.html']Singh said in an interview om CNBC's “Mad Money”[/URL] show late Friday. [*]QuantumScape said last week in a [URL='https://twitter.com/QuantumScapeCo/status/1382787123204354049']Twitter post [/URL]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 [URL='https://seekingalpha.com/news/3682574-quantumscape-short-call-regurgitates-risks-already-disclosed-analyst-says']QuantumScape short call "regurgitates" risks already disclosed.[/URL] [/LIST] Senior member of Volkswagen’s EV battery effort “The main issues our engineers and experts are raising are trust in the data, a lack of transparency. Behavior in certain situations like extreme temperatures and so on. This is a big question mark where they’re saying that we are having a lot of issues and a lot of risk. Those are [some of the] core questions that are circling around. They don’t trust that you can charge it in 15 minutes, for example.” #3 “I mean, this seems almost like a sudden discovery. Until about a year back, they couldn't solve the problem, and all of a sudden, it's just solved and not just solved but stabilized and now scalable as well? That's something that I would pause to look at and seriously evaluate from a materials perspective… The core team was extremely strong. Having said that, some of the claims just do not sit well with me because I feel like, like some of the materials, there are certain problems that they just could not have solved…And highenergy-density…That's where the problem is. If they really had a solid-state battery, their claims would be much different…” Former employee #1 Q: “Have they solved the problems that have impeded solid state batteries for the last 50 years, which is what they're representing?” A: “Absolutely not. That much I can tell you for sure. The answer to that is absolutely not.” [..] Q: “Is Quantumscape going to have a product in a car in the next 10 years?” A: “Absolutely not.” [/QUOTE]
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