Investing in small caps is partly dreaming of substantial returns otherwise there is much less risky games with good return :-)

Still do not bet on electrovaya/tesla link due to incredible risk to not go with a "ruggedized" technology operates since years by Pana, cost of ANY recall due to battery will be devastating for Tesla and much more costly than any saving on battery cost. To expect it will need for Electrovaya to already operate top notch Litarion plant with non-NMP process since a few years.

Hannover paper by Vidricaire is quite interesting, first time electrovaya provide cost/technical data of NMP vs non-NMP. They claim non-NMP provide at least same performance than NMP (cycling, power, thickness variability, ...), will gain more trust in that when (if) leclanché (or other external customer) order Litarion non-NMP electrode.

Non-NMP development mainly comes from Jim Jacobs electrovaya co-founder brain, known as a smart scientist and engineer, so for sure it is not a scam.

We should not overfocus on potential deal with Tesla, there is so much others opportunities in the field at present ... but if it happen will be more than happy !

At least for sure good surprise could maybe arise in the coming months, if not so be it.