iM3NY Valuation, page-63

Maybe the market is looking for around 200mill in offtakes for 1.8gw to be secured, hence discounting market value until more certaintity.
But QS went to 70 billion without a factory, yet has guaranteed offtskes with VW. From what I figure their 90gw is not all VW guaranteed offtakes,
only about 1/3 same as ....and the rest will take some more time to deliver. This means the market has revalued similar on guaranteed offtakes,
which is standard practicde, yet did not understand that there were other customers, until another interview, so got it wrong in extreme overspeculation. The other similar stocks mentioned I havn't had time to research.
I dont expect more offtakes until customers first test inital product, then orders should flood, according to their projections.