QuantumScape Stock Plunges 17% Amid Profit-Taking

On July 22, 2025, QuantumScape's stock experienced a significant drop of 10.86% in pre-market trading, marking a notable decline in its share price.

QuantumScape, the electric vehicle (EV) battery developer backed by Volkswagen, saw its stock plummet nearly 17% on Monday, July 21. This sharp decline erased much of the gains made in the previous week, raising questions about the sustainability of its recent performance.

The sell-off on Monday appeared to be a classic case of profit-taking after a parabolic run. QuantumScape's stock had surged from below $10 to over $14.50 in a short period, attracting significant attention from investors. The recent decline could be seen as a correction following this rapid ascent, as investors took the opportunity to lock in profits.

Despite the recent volatility, QuantumScape remains one of the best-performing EV stocks in 2025. The company's focus on solid-state battery technology has positioned it as a key player in the EV market, with partnerships and collaborations that continue to drive its growth and innovation.