03.07.2020 TESLA Daily Analysis

03.07.2020 TESLA Daily Analysis

"Tesla is asking not only LG Chem but other suppliers to increase supplies, as its cars are selling well," the person told Reuters. A second person with knowledge of the situation also said LG Chem is converting some of its production in South Korea to produce batteries for Tesla. An LG Chem factory in Nanjing, China, already makes batteries for Tesla. Both sources spoke on condition of anonymity, citing the confidentiality of the matter. An LG Chem spokesman declined to comment. Tesla was not immediately available for comment outside its U.S. business hours. Tesla on Thursday announced forecast-beating global vehicle deliveries for the April to June period, shrugging off a U.S. production suspension due to the coronavirus pandemic.