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Stockreport

Tesla Supplier Slashes Battery Contract After Cybertruck Delays [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
agreement, underscoring how shifts in vehicle programs and end-market demand could feed back into the EV supply chain. L&F disclosed that a 3.83 trillion won supply contract announced in February 2023 has been revised down to 9.73 million won, citing a change in supply quantity. The reduction, amounting to roughly 99%, reflects how initial volume expectations have been reset as market and production assumptions evolved. Warning! GuruFocus has detected 9 Warning Signs with KGFHF. Is TSLA fairly valued? Test your thesis with our free DCF calculator. The high-nickel cathode material covered by the contract was scheduled for delivery from January 2024 through this month and was intended for Cybertruck batteries, according to a person familiar with the matter. Actual shipments were limited as the Cybertruck's development was repeatedly postponed, while some consumers possibly opted for other Tesla models such as the Model 3 sedan and Model Y sport utility vehicle. The person added th [Read more]
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Stockreport

Tesla Supplier Slashes Battery Contract After Cybertruck Delays [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
agreement, underscoring how shifts in vehicle programs and end-market demand could feed back into the EV supply chain. L&F disclosed that a 3.83 trillion won supply contract announced in February 2023 has been revised down to 9.73 million won, citing a change in supply quantity. The reduction, amounting to roughly 99%, reflects how initial volume expectations have been reset as market and production assumptions evolved. Warning! GuruFocus has detected 9 Warning Signs with KGFHF. Is TSLA fairly valued? Test your thesis with our free DCF calculator. The high-nickel cathode material covered by the contract was scheduled for delivery from January 2024 through this month and was intended for Cybertruck batteries, according to a person familiar with the matter. Actual shipments were limited as the Cybertruck's development was repeatedly postponed, while some consumers possibly opted for other Tesla models such as the Model 3 sedan and Model Y sport utility vehicle. The person added th [Read more]
IMPACT SNAPSHOT
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TSLA
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Price Change %
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%
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Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
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%
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PERFORMANCE SINCE EVENT
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