If no Litarion/Separion acquisition will have been nice dream to hope interaction with Tesla for non NMP electrode coating as company future was more than uncertain.

As it is now, Tesla interaction is not key for electrovaya future, even without Tesla lithium ion market is still huge and fast growing, and story is quite interesting by reading last PR's by the book:

-Separion order in China, potential of 15M$ in 2016

-Stage shifting to non NMP in Kamenz till end 2016

-Leclanché order

-Mondelez, Walmart, Storage, others ?

-Expectation of JV for separion to meet demand (probably China)

-Expectation of battery assembly JV in Middle East, India based on Litarion electrodes

Real question does Electrovaya 2.0 is still like Electrovaya 1.0 a MOU generator or now a real upcoming commercial battery producer (beyond grant supported prototype production) ?

Acquisition of Litarion is a turning point, long they have not deliver on promise and right now happen as PR in November and confirmation make me reenter at 40 cents.

Sankar hold 60% of the company and not a stupid guy if can't make stock price lift substantially from there will never happen.

Anyway as Sankar mentioned in CC, Tesla is good for everybody as create the buzzz and accelerate market penetration for lithium ion.