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Tesla Motors, Inc. (NASDAQ:TSLA) Pleasing Street’s Eyes on Singing New Agreement with LG Chem Ltd- PACCAR Inc. (NASDAQ:PCAR), Wabash National Corp. (NYSE:WNC)

Tesla Motors, Inc. (NASDAQ:TSLA) [Detail Analytic Report] moved down in early trading session on Wednesday as it revealed its agreement with LG Chem Ltd, a South Korean battery maker for upgrades to the firm’s first car, the Roadster, which has since been no longer available. Earlier 2015, Tesla started offering a $29,000 upgrade to original Roadster customers to replace the battery in the vehicle with a new pack and make further improvements. The new pack bumped up the range to about 400 miles, a 35% increase. Tesla disclosed the contract with LG Chem after Nihon Keisai Shimbun, Japanese news agency publicized that Tesla officials were talking with LG on a battery contract. LG Chem is a battery-making unit of LG Electronics Inc. Tesla didn’t unveiled further information and current negotiation with the firm. Until this declaration, the only known supplier to Tesla for batteries was Japan’s Panasonic Corp, which is co-developing a $5 billion battery factory outside of Reno, Nev. Panasonic supplies the cells to the Model X sport-utility and Model S sedan vehicle, which just launched production. Because of that supply contract, Panasonic is the leading lithium-ion battery producer for electric cars. But LG has been gaining traction. LG is supplying batteries to General Motors for its Chevrolet...