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Nate

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Whether your fortunes fell or rose in 2025 (and we hope it’s the latter!), count your blessings that you didn’t bank your business on batteries for Tesla’s Cybertruck: a South Korean company, L&F Co., has written down the value of its Tesla contract by more than 99% — another sign that Cybertruck sales are faltering. The company slashed a contract valued at nearly $3 billion in 2023 to less than the amount of the now expired EV tax credit. #Auto Future sherwood.news/tech/cybert..
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sherwood.news

Cybertruck battery material supplier writes down Tesla deal by 99%

South Korea’s L&F Co., a supplier of battery material for Tesla’s “apocalypse-proof” Cybertruck, has written down the value of its Tesla contract...

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