Well looks like the party is over in regards to graphite anodes. Tesla is going in a different direction in a hurry and all the other companies will scramble to keep up.
So the Novonix valuation will have to hang on DPMG and other things. It might still pan out, especially as Tesla is looking to the US for its supply chains.
Tesla has just blown the whole industry and supply chains out of the water and everyone is going to have to reorganise around a different set of technologies. Everything everyone has been working on will have to be reconsidered. And all valuations will be marked down.
The Lithium hype will evapoate unless you are in very low environmental impact lithium, because Elon declared they have enough in Nevada alone for the whole of the US. The Lithium processing industry has just be vapped too...Sorry China.
The economic impact of battery day is going to reshape national economies
Ann: NOVONIX AND THE BATTERY REVOLUTION - Battery Day Response, page-98
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