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Tesla's value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead (finance.yahoo.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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Tesla's value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead::Tesla shares closed Tuesday at just over $233, well down on their 2023 peak of $291.

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[–] NotMyOldRedditName@lemmy.world 1 points 1 year ago

The only reason GM (and others) tried to tout pouch cells is because there was a complete lack of cylindrical production capacity available. Tesla was using it all.

What are you going to do, say we'd rather use these other batteries but we can't, so here you go?

I am ecstatic that most of the major manufactures have finally decided to transition to prismatic and/or cylindrical.

I wouldn't even be surprised if regulations one day prevent use of pouch cells for automotive purposes.