Jim Cramer Says QuantumScape’s Has “Captured the Fantasy of Retail Investors”

QuantumScape Corporation (NYSE:QS) is one of the stocks that Jim Cramer recently discussed. Cramer referred to it as a “back-from-the-dead” company, as he commented:

“Now you’ve got, oh hey, you’ve also got… the stocks that make better electric vehicles like the back-from-the-dead QuantumScape, which makes a new kind of battery that’s captured the fantasy of retail investors. Although that wasn’t enough to prevent the stock from plummeting over 14% today.

Although even with that decline, the stock’s almost tripled over the past month, as have many of these stocks. These same people will buy anything quantum… Why these? Well, maybe the better question is, well, why not? If you’re an individual investor, you don’t have much information about how stocks work longer term. It’s pretty easy to play this game, and it is a game.

We know there are parlays in gambling where you have to pick two or more events, and all have to be correct for you to win. The payouts can be big if your parlay hits, but if any bet loses, you lose the whole thing. These are pretty similar, except you tend to win all three. In many ways, gambling on PARC is a much fairer, better game, but it is a game nonetheless.”

Photo by Kumpan Electric on Unsplash

QuantumScape Corporation (NYSE:QS) develops solid-state lithium-metal batteries designed to power electric vehicles and other uses, as the company aims to improve energy density, safety, and performance.

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Disclosure: None. This article is originally published at Insider Monkey.