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  "documentTitle": "QuantumScape (QS)",
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      "text": "Quantumscape’s valuation of $15B requires a leap of faith from making lab prototypes to selling billions of dollars of batteries within 5-6 years, with Google-like margins.",
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      "text": "Our research interviews suggest that even if the scientific claims were real, simply meeting the required steps to work with an automotive OEM are at least a decade away, with meaningful commercialization even further out.",
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      "text": "Quantumscape’s valuation of $15B requires a leap of faith from making lab prototypes to selling billions of dollars of batteries within 5-6 years, with Google-like margins. However, all 9 ex-employees we interviewed painted this as a mirage. We asked one if QS would have a product in a car in 10 years: “Absolutely not”",
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      "text": "Adding up the timelines for each step implies at least a decade “Let's just talk about where they're at. They're at this pre-pilot stage... [long quote] ... – Former employee",
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      "text": "Q&A during our research consult call Q: “Is Quantumscape going to have a product in a car in the next 10 years?” A: “Absolutely not.” – Former employee",
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      "text": "“Absolutely not.” — Former employee; “Let's just talk about where they're at. They're at this pre-pilot stage, and then they're going to need to build. So, they're going to spend a couple of years on pre-pilot, and then they're going to spend a couple of years on the pilot, and then they have to prove that that works, and then they have to get it designed into a vehicle, which if it's Tesla, it's three years. If it's Volkswagen, it's 5 or 6 years. They have to build a factory. They have to qualify the factory. The factory is making something that's never been made before on any kind of industrialized scale. In parallel, they need to set up the supply chain for whatever material system they land on.” — Former employee",
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      "text": "Source: Scorpion Capital consultation calls with experts",
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