QuantumScape's (QS2A.MU) stock price is influenced by various factors: Battery Technology Progress: Milestones in solid-state battery development, performance data, and validation results significantly impact investor confidence and stock valuation.

Production Scalability: Demonstrating the ability to manufacture solid-state batteries at scale is crucial. Announcements regarding pilot production lines, capacity targets, and manufacturing partnerships affect the stock.

Automotive Partnerships: Collaboration agreements and supply contracts with major automakers are critical for commercialization. News of partnerships, testing agreements, or integration plans influence the stock.

Financial Performance: Cash burn rate, funding runway, and progress towards profitability are monitored closely. Earnings reports, financial forecasts, and fundraising activities can move the stock.

Competitive Landscape: Developments in competing battery technologies, actions by other battery manufacturers, and the overall electric vehicle market impact QuantumScape's relative position and stock price.

Market Sentiment: Overall market conditions, investor risk appetite, and sentiment towards growth stocks, especially in the EV sector, can affect QS2A.MU independently of company-specific news.

Regulatory Environment: Government policies, incentives for electric vehicles, and regulations related to battery technology influence the adoption of solid-state batteries and thus impact the stock.