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TESLA INC.

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Tesla Agrees to Buy LG Chem Batteries for Made-in-China EVs -Bloomberg

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08/23/2019 | 03:06am EDT

--Tesla has struck a deal to purchase batteries from South Korea's LG Chem that it will use in electric cars produced in Shanghai, Bloomberg reports, citing unnamed sources.

--Bloomberg previously reported that the U.S. car maker has held discussions with local battery-producer Contemporary Amperex, as part of a strategy to have multiple battery suppliers for its first foray into the world's largest market for new-energy vehicles.

Full story: bloom.bg/2P727ou

Write to Singapore editors at singaporeeditors@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
CONTEMPORARY AMPEREX TECHNOLOGY CO LTD End-of-day quote.
LG CHEM LTD End-of-day quote.
TESLA INC. -2.43% 240.62 Delayed Quote.-27.70%
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Financials (USD)
Sales 2019 24 642 M
EBIT 2019 -551 M
Net income 2019 -1 257 M
Debt 2019 8 214 M
Yield 2019 -
P/E ratio 2019 -32,6x
P/E ratio 2020 1 698x
EV / Sales2019 2,08x
EV / Sales2020 1,69x
Capitalization 43 102 M
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Technical analysis trends TESLA INC.
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TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
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Buy
Mean consensus HOLD
Number of Analysts 32
Average target price 265,57  $
Last Close Price 240,62  $
Spread / Highest target 120%
Spread / Average Target 10,4%
Spread / Lowest Target -41,8%
EPS Revisions
Managers
NameTitle
Elon Reeve Musk Chief Executive Officer
Robyn M. Denholm Chairman
Deepak Ahuja Chief Financial Officer
Jeffrey B. Straubel Chief Technology Officer
Gary Clark Chief Information Officer
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