US Government Confirms $4.3 Billion Battery Deal Between Tesla (TSLA) and LG Energy Solution, Reuters Reports [Yahoo! Finance]
Tesla, Inc. (TSLA)
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billionaires . Reuters reported on March 16 that the US government announced on Monday a supply agreement between Tesla, Inc. (NASDAQ:TSLA) and South Korea's LG ?Energy Solution to ?build a $4.3 billion lithium iron phosphate (LFP) prismatic battery cell manufacturing facility in Lansing, Michigan. The expected production launch is in 2027. The U.S. Department of the ?Interior said in a statement that “American-made ?cells will power Tesla's Megapack 3 energy ?storage systems produced in Houston, creating a robust ?domestic battery supply chain”. Tesla, Inc. (TSLA) Isn't Being Targeted By Trump's Copper Tariffs, Says Jim Cramer Reuters further stated that the agreement was a part of a broader statement on deals highlighted by President Donald Trump's administration from the Indo-Pacific Energy Security Summit. In another development, Reuters reported on March 11 that Elon Musk unmasked a joint project between Tesla, Inc. (NASDAQ:TSLA) and his artificial intelligence startup xAI,
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TSLA
Earnings
- 1/28/26 - Beat
TSLA
Sec Filings
- 3/9/26 - Form 4
- 3/6/26 - Form 144
- 2/27/26 - Form 4
- TSLA's page on the SEC website