Tesla's Battery Supply Chain Faces Major Cuts Amid Cybertruck Delays
TL;DR
A Tesla supplier, L&F, significantly reduced its long-term battery materials contract due to delays in Cybertruck development and changing market conditions, reflecting a 99% decrease in supply expectations, which impacted its stock price.
- Tesla Supplier Slashes Battery Contract After Cybertruck Delays Yahoo Finance
- South Korea's L&F slashes value of battery material supply deal with Tesla Reuters
- Tesla Cybertruck Flop Proves Costly for South Korean Supplier Bloomberg.com
- Tesla’s 4680 battery supply chain collapses as partner writes down deal by 99% Electrek
- L&F Corp slashes value of Cybertruck battery contract with Tesla (TSLA:NASDAQ) Seeking Alpha
Want the full story? Read the original reporting
Read on Yahoo Finance