{
  "docId": "019dd923-622c-750b-8b9a-32b620517ee9",
  "docSlug": "2ec39f20dd86",
  "documentTitle": "QuantumScape (QS)",
  "authorId": "58_Scorpion_Capital",
  "authorName": "Scorpion Capital",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-04-15 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 40,
  "pageCount": 188,
  "prevPage": 39,
  "nextPage": 41,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "overcrowded",
  "nDataPoints": 0,
  "notes": "Uses direct quotes to undermine the credibility of the subject company's technical claims.",
  "elementsJson": [
    "headline_text",
    "paragraph",
    "quote_block"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9a-32b620517ee9/40",
  "deckHref": "/decks/019dd923-622c-750b-8b9a-32b620517ee9",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-32b620517ee9.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-32b620517ee9#slide-40",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "VW feedback suggests QS is feeding them scraps of cherry-picked information, which fuels skepticism among VW’s engineers – test cells are behaving in an instable manner; internal commentary that test results they see are not representative.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-f5d1-75b6-b05a-e8c93b596546",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.9,
        "x": 0.05,
        "y": 0.25
      },
      "kind": "paragraph",
      "text": "VW feedback suggests QS is feeding them scraps of cherry-picked information, which fuels skepticism among VW’s engineers – test cells are behaving in an instable manner; internal commentary that test results they see are not representative.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c1308dd8-28f8-4949-923b-ddf31bf2141f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.9,
        "x": 0.05,
        "y": 0.35
      },
      "kind": "quote",
      "text": "“There is nothing real we have seen on the table and investigated deeper and taken and analyzed on our side in specific detail. [We’re getting it] from QuantumScape's side. The data, facts and figures are aggregated on a level which seems perfectly nice.” – VW employee",
      "attrs": null,
      "subkind": "testimonial",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4600115a-fbfa-44e6-b7ef-8dfcb76efd1a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.9,
        "x": 0.05,
        "y": 0.75
      },
      "kind": "quote",
      "text": "“I’ve gotten mixed opinions from our engineers. Everybody says it’s a long journey to goal…” – vw employee",
      "attrs": null,
      "subkind": "testimonial",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "acb233b0-83df-47bd-8773-e694891a7ce6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.9,
        "x": 0.05,
        "y": 0.48
      },
      "kind": "quote",
      "text": "“When you have test results and each cell is behaving differently most of the time, of course there are people [at VW] saying, they tested 100 cells and two performed quite well, and those are the results we see, just to give you an example. With our current suppliers who are actually equipping our cars, we get live data. This is not where we are currently. It’s also that there’s a lot of marketing involved. As I mentioned before, we are quite dependent on what is being presented to us.” – VW employee",
      "attrs": null,
      "subkind": "testimonial",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e964b0be-01e3-4ab8-b6e7-96fb305cb402",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "“There is nothing real we have seen on the table and investigated deeper and taken and analyzed on our side in specific detail. [We’re getting it] from QuantumScape’s side. The data, facts and figures are aggregated on a level which seems perfectly nice.” — VW employee; “When you have test results and each cell is behaving differently most of the time, of course there are people [at VW] saying, they tested 100 cells and two performed quite well, and those are the results we see, just to give you an example. With our current suppliers who are actually equipping our cars, we get live data. This is not where we are currently. It’s also that there’s a lot of marketing involved. As I mentioned before, we are quite dependent on what is being presented to us.” — VW employee; “I’ve gotten mixed opinions from our engineers. Everybody says it’s a long journey to goal…” — VW employee",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd952-f5d1-75b6-b05a-edb781e46720",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.3,
        "x": 0.05,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "Source: Scorpion Capital consultation calls with experts",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c53588fc-91c3-44d8-b6bd-1704fa73c5ad",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.9,
        "x": 0.05,
        "y": 0.08
      },
      "kind": "title",
      "text": "VW indicates “there is nothing real we have seen on the table” and “analyzed on our side in specific detail”; “quite dependent on what is being presented to us,” which is just slide-ware; “mixed opinions from our engineers” who say they’re fed cherry-picked results from the 2 test cells out of 100 that may work.",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bab22d7b-f38b-47eb-97e9-7d0216ff9ee7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.5,
        "x": 0.05,
        "y": 0.04
      },
      "kind": "title",
      "text": "2) VW employees indicate internal skepticism of Quantumscape’s claims",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b1d95981-d547-4b36-a05e-d7393e531377",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "ceo-quote-contradiction",
      "slug": null,
      "matchId": "afa19db0-828e-4776-a103-7d44e881f91f",
      "evidence": "Uses internal employee quotes to contradict public claims.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 150,
      "from": 7,
      "beatId": "bb56e2cc-71d0-4a88-adf5-a740e3b3215c",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "Critique of Quantumscape's claims and technology",
      "beatSlug": null,
      "evidence": "The document presents a detailed critique of Quantumscape's claims and technology.",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    },
    {
      "to": 149,
      "from": 8,
      "beatId": "f51b8fe3-6117-425f-a2bb-d0457528eb59",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "Exposure of contradictions and red flags in Quantumscape's data",
      "beatSlug": null,
      "evidence": "The document highlights multiple contradictions and red flags in Quantumscape's data.",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}