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South Korean Family's Tesla Deal

This is a news story, published by Yahoo Finance, that relates primarily to L&F Co. news.

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Benzinga

Benzinga

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A South Korean family has almost reached billionaire status thanks to a deal with Elon Musk's Tesla

Benzinga

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64% Informative

L&F Co. , a company that makes cathodes for electric vehicle batteries, landed a $2.9 billion order from Tesla .

This windfall has pushed the Jae-hong family's net worth to over $800 million .

After the announcement, the company's share price skyrocketed by 82% in 2023 .

Other companies in the electric vehicle supply chain have also seen their stock prices soar.

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54

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50

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41

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formal

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English

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41

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not offensive

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short-lived

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