On December 29, individuals with insider knowledge revealed that a Tesla supplier managed to deliver only a negligible fraction of the battery materials ordered nearly three years prior. This shortfall was, in part, attributed to complications arising from the Cybertruck project. On Monday, the Korean firm L&F reported that its battery material supply agreement with Tesla, initially unveiled in February 2023 and estimated at 3.83 trillion Korean won (about $2.67 billion), had been drastically scaled down to a mere 9.73 million won. In its regulatory filing, L&F highlighted that the staggering 99% reduction in the contract's worth stemmed from adjustments in the volume of materials to be supplied. According to sources, L&F was under contract to provide high-nickel cathode materials, with deliveries initially slated to commence from January 2024 and continue through the current month, specifically for the production of Cybertruck batteries. Nevertheless, owing to a series of setbacks in the vehicle's development timeline, potential buyers shifted their preferences to alternative models. Consequently, this led to the delivery of an exceedingly small quantity of the specified materials.