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2021-06-25

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Panasonic sells its stake in Tesla for nearly $4 billion: report

Japanese company says battery deal with Tesla will not be affected. Panasonic Corp. sold its entire

Panasonic sells its stake in Tesla for nearly $4 billion: report

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A Panasonic executive told Nikkei that its business relationship with Tesla will not change.</p>\n<p>The Japanese company reportedly bought about 1.4 million shares of Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> in 2010, at a price of $21.15 apiece. Tesla shares sold for $667 on March 31, after falling as low as $563 a share in mid-March.</p>\n<p>Panasonic announced it was buying U.S.-based supply-chain software company Blue Yonder in April .</p>\n<p>Panasonic shares traded in Tokyo are up 9.6% year to date, and up 39% over the past year; Tesla shares are down 3.7% this year but up 245% over the past 12 months.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146021095","content_text":"Japanese company says battery deal with Tesla will not be affected.\n\nPanasonic Corp. sold its entire stake in Tesla Inc. last fiscal year, the Japanese business daily Nikkei reported Friday .\nPanasonic , which builds lithium batteries for Tesla, reportedly sold all of its Tesla shares by the end of March for an estimated $3.88 billion. 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