This is based on EMM...if they are still in talks with battery players (which they have stated numerous times), then this is all irrelevant when discussing EMD/CMD/LMD.
If it wasn't as sad as it is, it would almost be funny. In my almost 15 years in the market I have never seen a management team (read CEO) that incompetent. Now I'm sure people will point out to me that it's not the CEO's fault.