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

Dow Jones2021-06-25

Japanese company says battery deal with Tesla will not be affected.

Panasonic Corp. sold its entire stake in Tesla Inc. last fiscal year, the Japanese business daily Nikkei reported Friday .

Panasonic , which builds lithium batteries for Tesla, reportedly sold all of its Tesla shares by the end of March for an estimated $3.88 billion. A Panasonic executive told Nikkei that its business relationship with Tesla will not change.

The Japanese company reportedly bought about 1.4 million shares of Tesla $(TSLA)$ 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.

Panasonic announced it was buying U.S.-based supply-chain software company Blue Yonder in April .

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.

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Comments

AlphBeta
2021-06-27
AlphBeta
?
glennkuajy
2021-06-25
glennkuajy
nice
Ianer
2021-06-25
Ianer
Sell stake so that they can invest in expanding 4680 cell! Think! Why only 1 side of the story?
meowx3
2021-06-25
meowx3
FUD , last year news
Jo5tarz
2021-06-25
Jo5tarz
?️?✋
Roticanai
2021-06-25
Roticanai
Like

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Think! Why only 1 side of the story?","listText":"Sell stake so that they can invest in expanding 4680 cell! Think! Why only 1 side of the story?","text":"Sell stake so that they can invest in expanding 4680 cell! Think! Why only 1 side of the story?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122655025","repostId":2146021095,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":122652993,"gmtCreate":1624619079012,"gmtModify":1703841855841,"author":{"id":"3564622915347576","authorId":"3564622915347576","name":"meowx3","avatar":"https://static.tigerbbs.com/ed62fdc20a8546ffe194561acd28b33f","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"FUD , last year news","listText":"FUD , last year news","text":"FUD , last year news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122652993","repostId":2146021095,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":122601969,"gmtCreate":1624614277051,"gmtModify":1703841753034,"author":{"id":"3566111551860327","authorId":"3566111551860327","name":"Jo5tarz","avatar":"https://static.tigerbbs.com/8cdaa131f223c2f17b3669bce62cc05e","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":3,"crmLevelSwitch":1},"htmlText":"?️?✋","listText":"?️?✋","text":"?️?✋","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122601969","repostId":2146021095,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":122847093,"gmtCreate":1624613452712,"gmtModify":1703841732555,"author":{"id":"3581913988119713","authorId":"3581913988119713","name":"Roticanai","avatar":"https://static.tigerbbs.com/4da10b7952b9a699e2c4703a67642740","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122847093","repostId":2146021095,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":22,"commentSize":11,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2146021095"}