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IPO-Bound Octillion Energy Offers Lesson In Single-Customer Overreliance - Tesla (NASDAQ:TSLA)

Key Takeaways: Octillion Energy’s revenue plunged 54% and it swung into the red in the first half of this year after its biggest customer sharply cut back its orders The EV battery systems supplier is trying to diversify with bets on the Indian and U.S. markets, and is exploring business opportunities with other customers

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