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QuantumScape CEO mulls legal response to scathing short seller report

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QuantumScape could pursue legal action after coming under assault in a scathing report released by activist short-seller Scorpion Capital.

“We’re absolutely going to look at that,” Jagdeep Singh, chief executive of QuantumScape, said when CNBC’s Jim Cramer asked if the company would consider filing suit against the firm.

“Some of the points in there are just, just absurd. Absurd to the point where there are… things that we would want to take legal action on.”

Singh appeared on “Mad Money” Friday, one day after Scorpion published the short report. In the 188-page report, Scorpion accused QuantumScape — which became public in November through a blank-check merger — of operating as a…



Source cnbc.com

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