Some reflections on recent announcements and discussions, page-39

Yes @pabs it has that feeling from time to time. Lots of capital looking for a home (blame the Fed for that)

Some of the valuations are getting way out of hand. I remember back just before the tech wreck occurred, the revenue multiple applied to CSCO inferred that CSCO would have carrier grade network sales sell greater than the total spend of all Telco carriers ... ergo only one way to go from there...

Same thing happened in past couple of years with Beyond Meat (BYND) ... had a valuation which assumed no more meat would be sold and all sales would be "beyond meat" product ... people aren't going to eat twice as much nor are meat sales going to zero .... crazy stuff.

We need to
1. Grow the actual pie .... OK that's the realm of the auto OEM and consumer electronics gadget companies.
2. Grow OUR the Total Addressable Market (TAM) via battery innovation. e.g. did QS make commercial aviation possible (take their announcements at face value if your a skeptic). Does TLG's Talnode-E make it possible
3. Grow OUR share of the TAMs that we sell too ... superior specs and ESG
4. MARKETSHARE first at all costs ... i.e.aggressively use our low price (and highest grade resource) to gain marketshare. Put the CHINESE PRETENDERS out of business! No Ifs or Buts. The market will be different in 10 years time - of that I'm certain ... You don't win the Silver medal you lose the Gold medal (tip of hat to Nike).
5. LOCK-IN our customers ... not with take or pay contracts but with IP that has no substitution .... we need to be "sticky" to their sales.

As MT says, 2021 is a pivotal year. Prize is ours to lose (if I read you guys correctly)?