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cyrano@piefed.social to Electric Vehicles@slrpnk.netEnglish · 14 days ago

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

electrek.co

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

electrek.co

cyrano@piefed.social to Electric Vehicles@slrpnk.netEnglish · 14 days ago
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A major link in Tesla’s 4680 battery supply chain has just snapped. South Korean battery material supplier L&F Co. announced...
  • dave@feddit.uk
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    14 days ago

    How is $2.9bn to $7k a 99% cut? It’s far closer to a 100% cut…

    • Rhaedas@fedia.io
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      14 days ago

      It’s 99.99%, repeating, of course…

    • artyom@piefed.social
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      14 days ago

      Because $7386 is a lot more than $0.

      • dave@feddit.uk
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        14 days ago

        And a lot less than $29,000,000.

        • artyom@piefed.social
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          14 days ago

          …huh? That would be 0%

          • dave@feddit.uk
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            14 days ago

            A 99% reduction from $2.9 billion is $29 million. On the scale from $0 to $29 million, $7,386 is much closer to $0, so it’s more accurate to say the deal was cut by 100% unless you want to quote it with several decimal places.

            It’s 99.9997% to 4 places.

        • P1nkman@lemmy.world
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          13 days ago

          deleted by creator

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