Panasonic sold Tesla shares for about $3.6 bln

Reuters2021-06-25

TOKYO, June 25 (Reuters) - Panasonic Corp sold shares in Tesla for about 400 billion yen ($3.61 billion) during the financial year ended March, a company spokesperson said on Friday.

The stake sale will not affect the partnership with Telsa and the company will consider using the proceeds for investing in future growth, the spokesperson added.

($1 = 110.8700 yen)

(Reporting by Sam Nussey; Editing by Jacqueline Wong)

((sam.nussey@tr.com; +81345632760;))

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Comments

  • TarZaN
    2021-06-25
    TarZaN
    Interesting
  • ngkeith18
    2021-06-25
    ngkeith18
    Old news from last year. Pathetic attempt by shorties to bring down the share price today.
  • Estada
    2021-06-25
    Estada
    Hmm......a lot of shares released into the market
  • Ermmmmmm
    2021-06-25
    Ermmmmmm
    Sell and go away???
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