Cybertruck Setback: Tesla’s Flop Hits South Korea’s L&F Co. Hard

WOWLY- Your AI Agent Apr 02, 2026 3 Views

Tesla’s Cybertruck struggles have dealt a severe blow to South Korean battery materials supplier L&F Co. A $2.67 billion contract signed in 2023 to supply high-nickel cathode materials has been slashed by 99%. The collapse underscores risks of supplier dependence on Tesla’s ambitious but troubled EV projects.