LKE towards TOP-5, page-2749

Not sure they need to be mutually exclusive?

a few hypothetical's come to mind.

1.The UKEF funding is on offer if required (under those conditions you mention). If Tesla decided they liked what they see then perhaps they fund it all and UKEF funding is no longer required.

2. UKEF funding is for Kachi IIRC. Perhaps Tesla looking at other yet to be developed resources of which Lake has 4 more.

3. As others have mentioned could still meet the UKEF requirements in other ways either related to Tesla or not related. Can't say I am an expert on what Tesla does in the UK but I would imagine there are other facets of their business that could help meet the criteria.

4. Tesla has nothing to do with Lake and is looking at other resources in the area and UKEF continues as most expect from previous announcements.

I think your question on how the requirements would be met if Tesla were to get involved are valid however there are those different scenarios I can imagine so IMO it's not the only question to ask / think about with Tesla taking a look at the region where Lake has all its projects.