[Featured Stock] L&F Surges 8% on Tesla Earnings Expectations

[Asia Economy Reporter Ji Yeon-jin] L&F is showing a sharp rise as expectations for Tesla's earnings increase.

As of 9:50 AM on the 19th, L&F is trading on the KOSDAQ market at 230,800 KRW, up 8.86% (18,800 KRW) from the previous day. Early in the session, the price surged to 233,200 KRW (+9.90%), setting a new 52-week high.

This appears to be due to Tesla's 3.21% rise on the New York Stock Exchange on the 18th (local time), driven by expectations of improved earnings. L&F supplies cathode materials for NCMA (Nickel-Cobalt-Manganese-Aluminum) batteries to Tesla through LG Energy Solution. Jeon Chang-hyun, a researcher at IBK Investment & Securities, stated, "Securing Tesla as the final customer is the biggest investment point," and analyzed, "As Tesla's influence in the electric vehicle market grows stronger, sales of NCMA through LG Energy Solution are expected to continue expanding."