 watch out. What's up money geeks Mr V here welcome to another video guys so in today's video I want to talk about ticket symbol QS quantum skip. So this is a company that we did profile here on the channel and I did a full video in depth as to you know what the company does and see if it was a good buy for us so if you didn't watch that video I'm gonna hook it up here so you can definitely go check it out but today I just kind of want to take it back and look at how that stock has performed from when we first profiled it to where it is right now and see because I've been getting a lot of questions and asking if this is a good time to buy the stock or not so we're going to take a look at that but before we get started guys if you're new to the channel we talk about how to earn money how to save money how to invest and build wealth so if that's something that interests you go ahead and hit that subscribe button and your notification bell so you don't miss out on new content also there's other ways you can support my works is by hitting that like button and also that share button so they can share with people that can find the content useful so quantum skip again guys it's a company that we profiled here on the channel I told you guys that these guys are going public and they're gonna make you know they changing the way we're gonna be looking at electric cars if you look at companies like tesla and the prices of the electric cars that we have today the reason why those cars are significantly expensive is because the battery is super super expensive to make again to get good batteries that can go a whole distance before charging it's not cheap to make so and that's why you see the cars are expensive but this company is actually telling us that they are working on the next generation of batteries for electric vehicles and so the battery is what you call a solid state battery compared to what we call the lithium ion battery in current EV cars so they I mean again it's a concept it's not in production yet so make sure that you actually understand that you cannot this battery doesn't they don't have it yet in production so they're still working on it so again it's a solid state battery and here key things that I want you to know about is that this is what the company is putting out about the battery number one is that it stores more energy compared to the current electric car batteries that we have that tesla and all the other guys are using number two is that it charges significantly faster so within 15 minutes you can go to from zero to 80% charge in your battery that is a lot compared to you charging your current car now it takes about an hour and some change to be able to charge the car 15 minutes you go up to 80% battery charge so if you're doing a road trip you pull up you wait for 15 minutes maybe grab a bite by time you're done your car is charged 80% and compared to the current cars we have to wait an hour and a half or maybe two hours to get a full charge so that's one of the reason why I really think that this is the future if this again if this concept can go to production and then the next one is that the life of the battery is significantly longer compared to the current battery that we have because since the solid state there's no liquid in it again so it can last longer compared to what we have in the market today and then safety again goes back to the fact you have lithium ion that has a liquid in it and solid state so the liquid can easily explode while the solid state cannot easily explode so it's relatively safe and then the last one is that it costs cheaper than what you have in the market today the cost of the price the price here is relatively cheaper which is I mean that is what's going to drive the price of the car down because if the battery is the most significant part of the car and that's what bring the cost up imagine that you can reduce the cost of the battery that would significantly reduce the price of the car so you can start see a lot of electric cars going for like 25 and between 25 or 30 thousand dollars that's reasonable and those which should be able to go up five six hundred miles before you can charge it so those are two key things I wanted to bring out to you guys so if you look at the history here of the solid state compared to what we used to be before today this is where we are today the lithium ion and then this is the future which is the solid state lithium matter battery so again this is what these guys are claiming that the battery is going to do but until proven and go to production we have to take you with a green assault so this is again this is a car I like the company because technology is going to change the way we drive electric cars so as of when we were doing this video this stock is currently trading at 77 dollars and some change guys when we when I profile this this particular stock here on the channel this the stock was trading somewhere we got in at about 40 dollars in so since then it squeezed all the way to a high of about 77 and some change which is significant we see here so the high here is about yeah 77 some change which is great because if you have a buddy at that 40 dollar price you're thinking about at least um at 35 dollar or 37 dollar you know a return on your investment here and the way I approach this guys it's a little bit different from other people usually when I go into a stock I put in money when I make you know my money back I take that money out then I go put it in something else again that's my strategy and that's how I continue to build my account and have all these different stocks in my account again I just wanted to bring this up to you guys the question again I've been getting is is it a good time to jump into a quantum skip I think you can definitely wait for a little pullback before you can jump in or start $2 cost average your way because if this technology is for real if this thing works this stock is going to go to two three hundred easy because all the other car manufacturers are going to start going after this particular technology so that's my personal take on this or again do your own research do your due diligence before you invest in it so I'm thinking you know a price of about you know $60 you can start looking at getting into the stock and if not I mean if the stock continues to go up and then you can slowly get your way into it but don't just jump in at once slowly get into the stock and I know it's painful but that's the best way to invest because that way you can actually average down or you can average up depending on the stock so definitely again make sure that you understand companies before you invest in understand the product understand what they're doing from a from a solution standpoint understand if they have a marketplace to sell what they are doing before you put your money in there so question of the day what do you think about the technology do you think this is something that it's really going to change the way we look at electric cars or well maybe it's just another company let me know in the comment section again if you're new to the channel we took about how to earn money how to save money how to invest and build wealth so that's something that interests you go ahead hit that subscribe button any notification bell so you don't miss our new content also guys if you want to do me a favorite go ahead and hit that like button and the share button so that we can reach more people and as always do your homework don't be greedy savage and stay motivated