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Stockreport

Tesla supplier sees 99% cut in battery material contract amid Cybertruck woes [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 dramatic reduction in the supply agreement, which was originally announced in February 2023, was attributed to a "change in supply quantity," according to L&F's regulatory filing. The contract involved high-nickel cathode material that L&F was scheduled to supply from January 2024 through December 2025. This material was intended for use in Cybertruck batteries, according to a Bloomberg report on Monday that cited a person familiar with the matter. Only minimal material was delivered as Cybertruck development faced repeated delays. Consumers instead opted for other Tesla vehicles, including the Model 3 sedan and Model Y sport utility vehicle. The supply agreement was also impacted by broader policy and economic factors, including the elimination of Inflation Reduction Act subsidies, the report added. Related articles Tesla supplier sees 99% cut in battery material contract amid Cybertruck woes Loading Up HEAVY on These 3 Stocks by End of 2025 (+ 1 New ETF) Nasdaq 10 [Read more]
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Stockreport

Tesla supplier sees 99% cut in battery material contract amid Cybertruck woes [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 dramatic reduction in the supply agreement, which was originally announced in February 2023, was attributed to a "change in supply quantity," according to L&F's regulatory filing. The contract involved high-nickel cathode material that L&F was scheduled to supply from January 2024 through December 2025. This material was intended for use in Cybertruck batteries, according to a Bloomberg report on Monday that cited a person familiar with the matter. Only minimal material was delivered as Cybertruck development faced repeated delays. Consumers instead opted for other Tesla vehicles, including the Model 3 sedan and Model Y sport utility vehicle. The supply agreement was also impacted by broader policy and economic factors, including the elimination of Inflation Reduction Act subsidies, the report added. Related articles Tesla supplier sees 99% cut in battery material contract amid Cybertruck woes Loading Up HEAVY on These 3 Stocks by End of 2025 (+ 1 New ETF) Nasdaq 10 [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