L&F's Tesla Deal Value Drops

A company called L&F in South Korea made a big deal with Tesla to supply special materials for Tesla's batteries.

They thought the deal would be worth a lot of money, but now they say it's only worth a tiny fraction of what they expected.

This is because Tesla isn't making as many of their special 4680 batteries as they planned.

Tesla wanted to use these batteries to make cheaper electric cars, but they've had trouble making them and not as many people are buying electric cars as before.

Other companies making batteries are also having problems because car companies are making fewer electric cars.

L&F said that shipments to other big companies are still going well, but the deal with Tesla had to change because of problems with the Cybertruck and changes in the electric car market.

L&F's stock price went down because of this news.