Might have something to do with the fact that NVX is a no-revenue cash burner that claims to be trying to break into EV / battery market which is not only seeing significant decline in demand after a few of years of post-Covid euphoria, but in fact may not see any meaningful future at all. A lot of questions are in the air right now with regard to the future of EV and, mind you, these questions are being asked by the major companies who were driving this rally.
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