- A single order from Tesla has boosted a family’s fortune to over $800 million, according to Bloomberg.
- Cathode company L&F won a $2.9 billion order from Tesla this year, sending its stock soaring.
- That’s generated a large amount of wealth for the Jae-hong family, who owns stock in the battery-material firm.
A single order from Elon Musk’s Tesla has boosted a family’s fortune to hundreds of millions of dollars.
Shares in L&F, a South Korea-based cathode company, have skyrocketed 82% this year after it secured a $2.9 billion order from the US carmaker. It’s meant the Jae-hong family, who owns stock in the battery-material firm, are now worth over $800 million, according to Bloomberg.
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