L and F Cuts Tesla Battery Deal by $2.9B

South Korean company L and F significantly reduces its supply deal with Tesla, from $2.9 billion to $7,386, for high-nickel cathode materials. The original agreement, signed in 2023, covered supplies to Tesla and affiliates worldwide. The sharp cut, with no official reasons given, raises concerns about weaker demand for Teslas EVs and challenges in the EV supply chain. Tesla has yet to comment. Checkout Solipillow.comThe Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.