Quantumscape Corp. (QS) stock continues its upward trajectory in pre-market trading on Wednesday, soaring 5.07% following Tuesday's impressive 16.7% rally. The sustained enthusiasm for the solid-state battery developer reflects ongoing investor optimism about the company's recent technological advancements and its potential in the electric vehicle (EV) market.

The surge in Quantumscape's stock price can be attributed to several factors. Investors are showing renewed confidence in the company's progress in solid-state battery technology, which promises to revolutionize the EV industry. Recent technical breakthroughs have reignited interest in Quantumscape's long-term prospects, as the company aims to develop batteries that offer higher energy density, faster charging times, and improved safety compared to conventional lithium-ion batteries.

The market's bullish sentiment towards Quantumscape is further evidenced by the extraordinary options trading activity observed on Tuesday. Call options, which bet on the stock's upside, accounted for 81% of overall option trades, with particularly high volume seen for the $8 strike call option expiring on July 11. This suggests that many investors are positioning themselves for potential further gains in the near term, reflecting growing confidence in Quantumscape's ability to deliver on its technological promises and capture a significant share of the expanding EV battery market.