Tesla Stock Price Today: TSLA Holds Gains After U.S. Confirms $4.3 Billion LG Battery Deal
Tesla and LG Energy Solution signed a $4.3 billion deal to build a lithium iron phosphate battery-cell plant in Lansing, Michigan, with production set for 2027. Tesla shares rose to $396.35 midday Tuesday after the U.S. government confirmed the agreement. The new facility will supply batteries for Tesla’s Megapack 3 systems. Tesla faces negative cash flow forecasts and unresolved supply issues despite growth in its energy storage business.