Tesla stock drops after supplier slashes $2.9 billion battery deal to $7,386
Tesla shares fell 3.3% to $459.51 late Monday after South Korea’s L&F slashed the value of its battery-material supply deal with Tesla from $2.9 billion to $7,386. The revision drew attention to Tesla’s 4680 battery program and came as investors awaited the company’s fourth-quarter delivery report, expected in early January.
