Tesla's 4680 battery supply chain collapses as partner writes down deal by 99%

4 months ago

Tesla's 4680 battery supply chain suffers a major setback as L&F Co. slashes its $2.9 billion contract to just $7,386.
The drastic reduction signals plummeting demand for Tesla's 4680 cells, primarily used in the Cybertruck, which is struggling with low sales.
Tesla's Cybertruck production is far below capacity, with annual sales estimated at 20,000 to 25,000 units, leading to discontinued models and heavy discounts.
The 4680 battery program, once touted as key to reducing costs and enabling cheaper EVs, faces scalability issues and limited application.
Tesla's competitors like BMW and Rivian are advancing with 46XX format cells, while Tesla's promises from Battery Day remain unfulfilled.
Future projects like the 'Cybercab' may also face challenges, especially with unresolved autonomous driving technology.

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