Enovix 🧵After spending more time reviewing $ENVX, this seems to be the bear case:
1) Management / Leadership failure. 2) Inability to scale. 3) Financing, dilution, and cash burn. 4) Competition.
Let's look at all 4.
1a) Leadership - This was a valid bear case, causing Enovix to lose time and investors to lose trust. Colossal failure. Company brought in TJ Rodgers as Exec temporarily (still leads BoD).