Tesla Supplier Slashes Battery Contract After Cybertruck Delays

Are there any Korean speakers who can shed light on the 1:1000 discrepancy between the number ratio and the reported percentage reduction?

> reduction, amounting to roughly 99%, reflects how initial volume expectations have been reset as market and production assumptions evolved. 🤔

\> The reduction, amounting to roughly 99%, reflects how initial volume expectations have been reset as market and production assumptions evolved. Doublespeak for "The CyberToasters aren't selling. We won't bet moving 250,000 units per year."

This is mentioned in the Apple Stock app on TSLA. Saw it in my daily read when I was shocked to actually see TSLA going down a bit

I think real news reporting is dead. I've looked at several sources and they all parrot the same numbers - in USD, the deal dropped from $2.9 billion to $7k?!?!? I suspect there's a mistake.

production assumptions evolved... I like that, gonna use it in my next meeting

From "The Financial Times", Feb 28, 2023: *"Tesla suppliers: L&F’s $2.9bn order is a down payment on resilience"..."US electric-car maker has set an example other big manufacturers should follow"..."It has set an example other big manufacturers should follow"* Soooo...how did that work out for everyone?

Hiring people who know how to multiply by powers of ten is, like, *hella* expensive.

Don’t worry - according to the headline, it’s just a delay in Clusterfuck volume deliveries.

TWO MILLION PREORDERS SUCK IT HATERZ

“We shook the Etch-A-Sketch, and all of a sudden, our projections had disappeared!”

I'm sure things will pick up once they start offering the swim kit and "Cyberquad".

I'm not even that good at counting zeros...but calculators exist. The 1000x error seems to be whooshing over everyone. Oh well.

Saved 99% in procurement costs? Bullish!

Not delay. Cybertruck is new Tata.

Another nail in the cybertruck coffin

Tesla's sales today are showing that the former "all publicity is good publicity" thought isn't necessary true.

Small dip, can only go up.

Well base 10 based units are difficult for Americans 😂

I want to argue, but I can’t.

What the hex you talkin' about!? ;)

That is correct. Basically they are buying zero from an initial 2.9 billion proposed estimate. I do not think Tesla was in contract for that but it does indicate there simply is no demand overall.

I suspect that cost them a great deal of money. While they likely did not outlay much in material, they would have tooled up some and spent a great deal of labor preparing for an order of that amount. This is he way of Tesla I suspect.

Just imagine how big Tesla would be it they made a functional normal truck!

SpaceX ran out of room

They are still building cybertrucks? I thought Elon was buying them from himself using government welfare to keep the company afloat?

Hiring a US president that can understand basic percentages seems to be also challenging.