Media Watch - NVX related, page-114

But as the rumours dissipated and Tesla delayed its battery day to later this year, Novonix’s market capitalisation ramped down to just over $230 million, with its shares closing on Friday down 9 per cent at 90 cents. On Monday the stock shot up again, this time 17 per cent to $1.07 the same day two executives told The Australian Financial Review it was working with "some folks in Washington on understanding the opportunity" for its products in the wake of limits on Chinese made products by the Trump administration. Its shares closed 8.4 per cent lower at 98¢ on Tuesday.