QuantumScape falls after UBS downgrades to 'sell' on tariff concerns

Battery-tech startup QuantumScape's QS.N shares fall 8.5% to $3.7 after UBS downgrades to "sell" from "neutral", trims PT to $2.5 from $5

UBS raises concerns about QS' rollout of solid-state battery cell QSE-5, citing uncertainty around successful implementation

Brokerage says co's exposure to luxury car brands such as Volkswagen-owned VOWG.DE Audi and Porsche P911_p.DE may be impacted by U.S. tariffs and could potentially limit units for the brands

Key risks include economic downturn impacting luxury buyers, higher costs, slower EV adoption and uncertain profit margins, according to UBS

One of 9 brokerages rate stock "buy", 6 rate "hold", 2 rate "sell"; their median PT is $5.65 - LSEG data

Including session's moves, QS stock down 28.3% YTD