Tesla Rumored To Have Struck $400M Camera Deal With Samsung For Cybertruck

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Tesla Rumored To Have Struck $400M Camera Deal With Samsung For Cybertruck

Benzinga2021-07-13

Tesla Inc TSLA is rumored to have signed a $400 billion deal with South Korea’s Samsung Electro-Mechanics to supply cameras, likely for the highly-anticipated Cybertruck pickup truck launch.

What Happened: The $436 million deal is for a rearview camera for a vehicle that does not have side mirrors and the electric vehicle is equipped with more than eight cameras to enable self-driving, Electrekreportedon Monday, citing Korea Economic Daily.

Teslaplans to launchthe Cybertruck by the end of 2021. The electric truck was first unveiled in November 2019.

Why It Matters: The Cybertruck is a departure from conventional pickup designs and is key to Tesla’s growth in the category. The electric pickup will be powered by Elon Musk-led company’s in-house 4680 batteries and is expected to contribute about 5% of Tesla’s total sales volume a year from its launch.

Price Action: Tesla shares closed 4.38% higher at $685.70 on Monday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment（14）

Aries_cher
·2021-07-13
Wowwwe
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1
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BABAMood
·2021-07-13
$800 coming !
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1
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- KekeZ:
  will be soon!
  2021-07-13
  Reply
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AL30
·2021-07-13
Yes ??
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Otaku_Hui88
·2021-07-13
So expensive ah? DSLR meh? Haha
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MN27
·2021-07-13
Interesting
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noobieq0000
·2021-07-13
buy buy buy
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1
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Butt3rc00ki3
·2021-07-13
Like
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2
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tcyong
·2021-07-13
Ye
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3
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yvneyng
·2021-07-13
Good move
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YPT
·2021-07-13
Good in tsla
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4
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selenexue
·2021-07-13
Like
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8
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- ETHW:
  Ok
  2021-07-13
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- Butt3rc00ki3:
  Ok
  2021-07-13
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Shadowrider
·2021-07-13
Nice
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6
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- selenexue:
  good
  2021-07-13
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tcyong
·2021-07-13
Yeh
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5
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Ericsohth
·2021-07-13
Great!
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3
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DSLR meh? Haha","listText":"So expensive ah? DSLR meh? Haha","text":"So expensive ah? DSLR meh? Haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142407577","repostId":1166170571,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":142400469,"gmtCreate":1626164948551,"gmtModify":1703754635950,"author":{"id":"3585973860502184","authorId":"3585973860502184","name":"MN27","avatar":"https://static.tigerbbs.com/0a11b544b50a084b6af0533c0b412c51","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142400469","repostId":1166170571,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":142548756,"gmtCreate":1626164183975,"gmtModify":1703754613425,"author":{"id":"3568101627669658","authorId":"3568101627669658","name":"noobieq0000","avatar":"https://static.tigerbbs.com/68678ecc87ea4fbbf52eaff2e75d698f","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"buy buy buy","listText":"buy buy buy","text":"buy buy buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142548756","repostId":1166170571,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":142548595,"gmtCreate":1626164154117,"gmtModify":1703754613264,"author":{"id":"3581548481060535","authorId":"3581548481060535","name":"Butt3rc00ki3","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142548595","repostId":1166170571,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":142552487,"gmtCreate":1626163707549,"gmtModify":1703754601763,"author":{"id":"3587035359547038","authorId":"3587035359547038","name":"tcyong","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ye","listText":"Ye","text":"Ye","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142552487","repostId":1166170571,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":142553335,"gmtCreate":1626163567727,"gmtModify":1703754595604,"author":{"id":"3585192718156791","authorId":"3585192718156791","name":"yvneyng","avatar":"https://static.tigerbbs.com/76e9d3dda84e38df5f92fb2edf5f1be0","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Good 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