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      "text": "4. Multi-layer cells: a fraudulent narrative to cover up a failure\n5. Our research indicates that Quantumscape can't even reliably make TEST cells that work\n6. Red flags around scaling and manufacturability render Quantumscape's cells a pipe dream\n7. Doomed by cost: the \"magic material\" that we believe QS is using is too expensive to ever replace Li-ion",
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      "text": "8. The battery space has a long history of stock scams based on exaggerated or fake claims of a scientific breakthrough\n9. Quantumscape's lead investors, key drivers of its credibility and valuation, have a track record of backing frauds and failures in the EV battery and cleantech space\n10. Retail investors are at major risk as the lockup expires and insiders can dump the shares they're now promoting.\n11. A fake timeline and fake projections to grease the pump",
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      "text": "Part II: Scaling, manufacturability, and cost. Quantumscape's prototype is not viable outside of a lab, even if the science was real. Elon Musk: 99.9% of the challenge in batteries is scaling production.",
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