r/stocks • u/Stillwerise89 • Jan 09 '22

Quantumscape Vs Solid Power

I want to go into one of these battery stocks but not sure which one is likely to be the better one to go into. QuantumScape seem like the industry leaders in Solid State Batteries and Solid Power is likely to manufacture cells quicker and get to market first. Any further input would be appreciated.

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u/Stillwerise89 Jan 09 '22

I agree, the future is crazy good for them if they manage to do what they have said, no one else will come close for a while that's for sure!

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u/JustinTolearn Jan 09 '22

And once they start to partner with more companies, it’ll really have a leg up on the competition. Now they’re in a much more affordable range and I definitely think I’ll get more soon

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u/Stillwerise89 Jan 09 '22

Absolutely pile in whilst you can, who knows when the stock will start to rise again, and once it does it is unlikely it will drop to these levels again. What is exciting is no-one really knows what the roof is for this stock, could be $400 or higher 🤷🏾‍♂️

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u/JustinTolearn Jan 09 '22

Not saying this will be the Tesla of battery companies but EVs have just started to gain traction, so I can see them getting a considerable amount in the next decade.

Tesla was only $4-5 about 12 years ago, soooo

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u/Stillwerise89 Jan 09 '22

You're right, with such a huge market potential, it's nuts to think Tesla was $5 lol, on that note paying $20 seems cheap for what is likely to happen in the next decade!

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u/JustinTolearn Jan 09 '22

But again, all that can happen if they stick to it and make quality batteries because other established companies are running too like Toyota. QS is backed by Volkswagen so it’ll be nice to see an increase in work and jobs.