Tesla stock drops after supplier slashes $2.9 billion battery deal to $7,386
Tesla Inc shares were down 3.3% at $459.51 late in Monday’s regular session after South Korea’s L&F said the value of its battery-material supply deal with Tesla had shrunk to $7,386 from an earlier projection of $2.9 billion. “There is anxiety about the battery sector overall,” said Cho Hyun-ryul, a senior analyst at Samsung Securities. Reuters