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Crossroads Profile picture
Crossroads
@Kross_Roads
Investment enthusiast and future PhD. Driven by faith, family, and the conviction that the best is yet to come. YouTube https://t.co/9XwcBEvrsj
Jun 18, 2023 • 15 tweets • 5 min read
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).

Raj Talluri joined as CEO in Jan 2023, Ajay Marathe Nov 2022. ir.enovix.com/corporate-gove…