Shares of solid-state battery developer QuantumScape Corp ( QS ) are trading sharply lower Tuesday, despite a lack of company-specific news during the session. The move comes after the company reported second-quarter financial results last Wednesday that surpassed analyst expectations.

What To Know: QuantumScape ( QS ) announced quarterly losses of 20 cents per share, beating the analyst consensus estimate of a 22-cent loss and improving from a 25-cent loss in the same period last year.

Alongside its earnings, the company revealed a significant expansion of its partnership with Volkswagen’s battery unit, PowerCo. Under the revised agreement, PowerCo will make additional payments of up to $131 million over the next two years if certain milestones are met.

The initial milestones, tied to payments exceeding $10 million, have already been achieved. These funds are in addition to a previously arranged $130 million due upon reaching technical progress and executing a full licensing agreement.

Operationally, QuantumScape ( QS ) has transitioned its baseline separator production to its next-generation “Cobra” process. The company also shipped its final “Raptor-based” B0 sample cells in the second quarter and will now ship Cobra-based B1 samples.

Financially, the company ended the quarter with $797.5 million in liquidity and extended its cash runway forecast into 2029. Management narrowed its full-year guidance for capital expenditures to between $45 million and $65 million and its adjusted EBITDA loss to a range of $250 million to $270 million.

Price Action: According to data from Benzinga Pro, QS shares are trading lower by 13.3% to $9.52 Tuesday morning. The stock has a 52-week high of $15.03 and a 52-week low of $3.40.

Read Also: QuantumScape Stock Hits New 52-Week High: What’s Going On?

How To Buy QS Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in QuantumScape’s case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

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