Home » Panasonic sells its stake in Tesla for $ 3.6 billion. But it’s not goodbye

Panasonic sells its stake in Tesla for $ 3.6 billion. But it’s not goodbye

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The partnership is well established, with the $ 5 billion joint venture in Nevada, so this isn’t goodbye. Panasonic, a Japanese giant active in the electronics sector and the world‘s third largest manufacturer of automotive batteries, has sold its entire stake in electric vehicle manufacturer Tesla for approximately 400 billion yen (3.6 billion dollars). A good investment given the growth in Tesla’s stock. The Japanese company held about $ 730 million …

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