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Stockreport

LG Energy Solution's profit falls 58% as global EV demand slows [Yahoo! Finance]

Tesla, Inc. (TSLA)  More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
The South Korean-based battery company also saw its revenue drop 30% to 6.2 trillion won ($4.4bn). The company also faces increased competition from its Chinese rivals, which has weakened its share of the market. Car manufacturers have been calling for battery companies to create cheaper cells to lower EV prices, which has applied pressure to companies like LG Energy. This led to LG Energy's chief technology officer, Kim Je-Young, stating that the company would commercialise dry-coating technology by 2028, a technology which makes battery manufacturing cheaper and more efficient. Dry-coating technology is being pursued by leading battery makers to replace the traditional wet process for making cathode and anode electrodes, which is energy-consuming and more expensive. Tesla first discussed using the dry method technology in 2020 , however, Elon Musk's company had only been able to successfully implement the process on the anode part of the battery, Reuters reported. Al Be [Read more]
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Stockreport

LG Energy Solution's profit falls 58% as global EV demand slows [Yahoo! Finance]

Tesla, Inc.  (TSLA) 
More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
The South Korean-based battery company also saw its revenue drop 30% to 6.2 trillion won ($4.4bn). The company also faces increased competition from its Chinese rivals, which has weakened its share of the market. Car manufacturers have been calling for battery companies to create cheaper cells to lower EV prices, which has applied pressure to companies like LG Energy. This led to LG Energy's chief technology officer, Kim Je-Young, stating that the company would commercialise dry-coating technology by 2028, a technology which makes battery manufacturing cheaper and more efficient. Dry-coating technology is being pursued by leading battery makers to replace the traditional wet process for making cathode and anode electrodes, which is energy-consuming and more expensive. Tesla first discussed using the dry method technology in 2020 , however, Elon Musk's company had only been able to successfully implement the process on the anode part of the battery, Reuters reported. Al Be [Read more]
IMPACT SNAPSHOT
EVENT TIME:
TSLA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS