Summary:
- Tesla has signed a $4.3 billion deal with LG Energy Solution to secure a long-term supply of lithium-iron-phosphate (LFP) batteries for its electric vehicles.
- Tesla has also signed a $16.5 billion deal with Samsung to secure a long-term supply of semiconductor chips, which are crucial components for electric vehicles.
- These deals are part of Tesla's strategy to ensure a reliable and stable supply of key components to support its growing electric vehicle production and meet the increasing demand for its cars.