Tesla Is Set to Buy $2 Billion in Energy Storage Systems Batteries. What Does That Actually Mean for TSLA Stock?

On Monday, The Korea Economic Daily reported that Tesla reached a major supply agreement with Samsung SDI. The deal, valued at more than 3 trillion won (about $2.1 billion), will have the South Korean battery maker supplying cells to Tesla over a three-year period. The outlet, citing an unnamed source in the battery industry, noted that this marks the largest battery order ever for the South Korean firm.Shares of the EV maker have gained 10% on a year-to-date (YTD) basis. TSLA stock came under pressure earl ...