Tesla to buy $4.3 billion of LG Energy battery cells
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Tesla rose as broader markets gained amid Iran war developments. Analysts cite strong margins and EV demand tailwinds from high fuel prices. Competition in autonomous driving is intensifying from Nvidia and automakers.
Tesla (TSLA) stock advanced 1.2% after battery partner CATL exceeded Q4 earnings estimates with $3.3B net income, surpassing the $2.8B forecast.
Tesla sells cars -- and the auto industry is notoriously cyclical. But Tesla's structure and long-term strategy may give it more resilience than its peers.