I doubt it is the shorts that is causing the SP devaluation. You are raising probably what the market thinks/knows the existing issues as detailed from the cap raising of which another is the customer conversion bottleneck. I suspect the latter is the fact they are unable to to supply those batteries quicker then the raw material they are contracted out for.
With the fatality on site independent of operational issue of which the recovery is the main point of contention as to how cost control needs to be optimised, any design flaw is never ideal against a backdrop of a rapidly lowering of the Spod prices. Unfortunately just a simple prediction of EV take up to be a huge market in the future is just the start. Plenty of bumps ahead at currently a vital time of survival for the company as it has bought sometime to try and fix their operational issues.
The price action this week suggest that 30C really need to hold or we see the ST low being tested. Again foolish to predict how the price action will unfold in the same manner that a lot have been greedily imagining the future by extrapolating the demand in a straight line exponential basis.
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