Tesla Backs Off Threat to Cancel Australian Graphite Supply Agreement, Syrah Stock Pops Over 23% - Tesla

Tesla Backs Off Threat to Cancel Australian Graphite Supply Agreement, Syrah Stock Pops Over 23% - Tesla

Tesla withdrew its termination threat against Syrah Resources after the Australian graphite producer demonstrated qualifying progress on natural graphite anode material for its Vidalia, Louisiana facility — Syrah stock surged 23%. The deal, covering 8,000 metric tons over four years, gives Tesla a U.S.-domestic supply chain alternative to China-dominant graphite sourcing, a critical battery component de-risking strategy relevant to any EV or battery tech procurement roadmap.