Tesla’s Rough Start To The Year Just Got Worse As Lithium Supplier Changes Deal

Tesla (NASDAQ:TSLA) stock fell sharply on Tuesday, to $106.06 by the afternoon hours, as the EV maker’s fourth-quarter delivery figures released on Tuesday disappointed—but a new gut punch was also delivered on Tuesday when one of Tesla’s lithium suppliers changed the terms of the deal. Piedmont Lithium has contracted to supply Tesla with 125,000 tons of lithium concentrate this year from North American Lithium. But unlike previous deals where the price of lithium is fixed, the new deal for Tesla’s lithium will float based…