Tesla
traders are having a busy week and it’s solely Tuesday. Forward of the week’s fundamental occasion, an analyst day on Wednesday, traders must digest information about batteries in addition to EV demand in China and new manufacturing capability in Mexico.
For starters, Tesla (ticker: TSLA) signed a $2.9 billion deal for battery supplies with L&F (066970. Korea), a Korean maker of supplies for battery cathodes, based on a Google translation of a Korean-language disclosure by L&F. The information despatched L&F inventory hovering nearly 9%, lifting the corporate’s market worth by roughly $500 million to nearly $6 billion.