Enovix sinks, but the news is not so dire

The Street hates surprises, which is why shares of Enovix, which is working on a revolutionary silicon-based lithium-ion battery, saw its stock drop over twelve percent Tuesday after it announced it would shift some its manufacturing focus from its factory in Fremont, California, to one in Malaysia.

I think the change may not be as dire a situation as people are taking it as. But Enovix is basically a startup company, facing plenty of challenges, and any perceived shift in its strategy can make the Street nervous.