In a regulatory filing today, L&F revealed that the contract’s value has been written down to just $7,386.

No, that is not a typo. $2.9 billion to roughly $7,400.

That's quite dramatic.

Good

1.58 trillion dollar company y'all.

I hope I can still get some of those cells for a jumbo flashlight

The most aggravating part is that they really are very good batteries but by pulling an elon and massively overpromising they're about to kill off the entire production chain, taking said very nice cells down with them since nobody wants to be associated with their shit-tier quality in every other aspect. And predictably the cells, which afaik are only available to the public via dismantled packs (and aren't available at all to industry...) go for absurd amounts ($100/cell) so there won't be anyone else actually adopting them.

God I hate tesla.

LOL

Too bad. Couldn't have happened to a nicer... uh... ketamine addict, fascist sympathizer, apartheid beneficiary, and destroyer of U.S. institutions who directly caused millions of deaths in the developing world through the gutting of USAID.

You know, actually, now that I'm writing it out? Fuck that guy.