4680 COLLAPSE: Why Tesla’s Battery Partner Just Wrote Down Their Deal by 99%.
Tesla’s much-hyped 4680 battery program just hit a major snag as South Korean supplier L&F Co. wrote down its $2.9 billion battery materials deal with Tesla by about 99%, effectively signaling a collapse in demand for the next-gen cells that were supposed to power vehicles like the Cybertruck. The massive reduction reflects production challenges, weak Tesla 4680 ramp-up, and softer EV demand, raising questions about the viability of the 4680 strategy
Credit to : The Electric Viking