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Samsung Pens $436 Million Deal With Tesla For Cybertruck Cameras

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ValueWalk

Samsung Electro-Mechanics — a division of Samsung Electronics Co Ltd (KRX:005930) — has signed a deal with Tesla Inc (NASDAQ:TSLA) to supply the camera modules for the Cybertruck to be released in late 2021. Q2 2021 hedge fund letters, conferences and more Entering the Automotive BusinessSamsung will provide the cameras located in the interior and the side mirrors of Tesla’s flagship launch. The prototype of the electric pick-up did not have this element, so Tesla was looking to incorporate the system that would make his futuristic-looking truck safer for drivers. Rumors point to the possibili…

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Written by MC&T Staff

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