1. Enovix is a pre-revenue company developing high-performance batteries; 2. The company aims to start mass production in Malaysia by late 2025; 3. Success hinges on achieving 95% battery yields and securing major customers; 4. Despite past misjudgments, the author is bullish on Enovix's long-term potential; 5. The stock is considered high-risk, high-reward due to its reliance on yield targets and production ramp-up.