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L&F Corp slashes value of Cybertruck battery contract with Tesla [Seeking Alpha]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
with the automaker to just a fraction of its initial value underscoring the lackluster demand for Tesla's electric pickup truck. The South Korean battery material Quick Insights The drop in demand led L&F Co to dramatically slash its Tesla battery contract value, indicating Tesla canceled the agreement due to lower-than-expected Cybertruck production. Scaling production of the 4680 cell is hampered by the complex dry electrode process and weak demand for the Cybertruck. Future demand could rise if autonomous vehicles like the Cybercab enter production, but this hinges on achieving Level 4 autonomy. Recommended For You More Trending News
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