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Stockreport

Tesla Supplier L&F Cuts Battery Deal as EV Demand Cools [Yahoo! Finance]

Tesla, Inc. (TSLA)  More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
The South Korean corporation could not explain the dramatic drop. The 2023 agreement covered Tesla and its affiliates' high-nickel cathode materials from January 2024 to December 2025.Analysts and insiders say the supplies were for Tesla's 4680 battery cells, used mostly in the Cybertruck. Tesla needs less cathode materials since 4680 battery production is slower than projected. Sales of the Cybertruck have also lagged. Tesla admitted scaling issues with the 4680 battery architecture and a new dry electrode production method.L&F and Tesla did not reply to calls for comment. Analysts said the contract drop indicates technical issues and a worldwide electric car demand slump. As automakers cut EV investment plans, South Korean battery producers have cancelled orders and pulled down cooperation. The withdrawal followed policy uncertainty and U.S. electric vehicle subsidy expiry.Investors will examine Tesla's earnings and production updates for battery output objectives and demand pattern [Read more]
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Stockreport

Tesla Supplier L&F Cuts Battery Deal as EV Demand Cools [Yahoo! Finance]

Tesla, Inc.  (TSLA) 
More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
The South Korean corporation could not explain the dramatic drop. The 2023 agreement covered Tesla and its affiliates' high-nickel cathode materials from January 2024 to December 2025.Analysts and insiders say the supplies were for Tesla's 4680 battery cells, used mostly in the Cybertruck. Tesla needs less cathode materials since 4680 battery production is slower than projected. Sales of the Cybertruck have also lagged. Tesla admitted scaling issues with the 4680 battery architecture and a new dry electrode production method.L&F and Tesla did not reply to calls for comment. Analysts said the contract drop indicates technical issues and a worldwide electric car demand slump. As automakers cut EV investment plans, South Korean battery producers have cancelled orders and pulled down cooperation. The withdrawal followed policy uncertainty and U.S. electric vehicle subsidy expiry.Investors will examine Tesla's earnings and production updates for battery output objectives and demand pattern [Read more]
IMPACT SNAPSHOT
EVENT TIME:
TSLA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS