I know one of the QS founders second-hand (friend of a friend, met him once). The team seems to be good solid technical guys that would never pull a fast one like NKLA from what I’ve heard of them. What is crazy about this is that I am sure even the people who founded the company are probably scratching their heads.
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Bill Gates is an investor in QS. So I am sure the science is solid there. Hopefully it will crash 95% soon so I can hop on…
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only master’s degree. need phd to be impressive 
PhDs usually work for college dropouts or masters.
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Apple is the reason (they say) for QS uplift, unusual 49 Million volume while average volume is 6 M
next one to watch! i just bought a few shares for fun…
these people actually have a business and revenue. I hadn’t heard of them before the press release, but I guess anything goes in this market?
Edited: Microvast, the company they will merge with, had a 100m in rev last year, and won an R&D 100 award from US government (this is very prestigious in energy research). so looks like a legit company.
https://finance.yahoo.com/news/tuscan-holdings-corp-announces-intent-172400009.html
Nikola hits a new low, down 84% from its high on June 9.
Now Japan is also committed to ban ICE cars by mid 2030. Again shows the US is the laggard. The whole world is moving on.
Having a hard deadline focuses everyone’s mind. We will see all legacy car makers make a hard shift to EV in the next few years.
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Legislation cannot do engineering. Toyota makes the best hybrids many getting 50mpg. EVs are only 100mpg equivalent with 70% of electrical power generation coming from fossil fuels. Unless batteries become more efficient and disposal becomes effective the EV only movement is pure bullshit
More than 100 mpg equivalent.
Cheaper to refuel.
Constant reduction in fossil fuel contribution to grid.
Already beginning to recycle batteries.
The game is already over, but it will be more obvious when upfront cost-parity is achieved.
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Number 1 is MSFT 
2 is GOOG
3 is AAPL 
4 is QCOM
5 is NVDA
6 is MU 
7 is AMD
…
You can not wish away fossil fuels. Wind and solar can only provide 20% max to the grid without massive battery banks. Hydro only works in Washington, The Grand Coulee dam, in the US. EVs mean nukes, if the global warmers are serious. But of course they aren’t. Just religious fanatics.
On any case, new transformation is taking place and ICE cars are getting out of market in 10 years.
See here solar made big picture
https://www.tesla.com/blog/introducing-megapack-utility-scale-energy-storage
All hype. I actually have looked into battery packs. They cost over $20k for a small house and can’t even run my well. Sorry battery storage has a long way to go. This isn’t software. Need serious battery 10x technology upgrades. Bullshit doesn’t cut it. We will need billions of more KWs to run our grid and EV cars. Actual power will be needed, not smoke and mirrors from corrupt startups.
Oh no not batteries! Wherever will we get those?
Restaurant 1:
“Sir we can offer you this fine selection of very small slices of the pizza”.
Restaurant 2:
“Sir, we will give you the entire pizza.”
Keep playing with your batteries. I am sure some environmental lawyer will rain holy hell on them. BTW there are dozens of used Tesla 3s at cheap prices on Craigslist. Probably people sick of their poor workmanship quality. Reno has new Bolts for sale for $26k. Sticker price $40k. Nobody wants EVs.
Meanwhile I am sticking with RE. This is a RE forum
I spent 40 years getting my ducks in a row. And now the chickens have come home to roost.
Tahoe is the hottest market in the country. Like the BA in 2012. 78 sfhs active for sale. Lowest inventory ever. 98 pending. Many being snapped up in a few days. Average inventory in the last 20 years 250 active
No one wants car with Covid jobless and wfh policies. Moving to outskirts buying homes!