Panasonic Buys a 2% Stake in Tesla Motors for $30M
Images: Panasonic and Tesla Motors logos The Two of Us Will Go Far (at Least 244 Miles Per Charge) Panasonic, which suppliers lithium-ion cells to electric car maker Tesla Motors, has decided to make the business relationship a bit more serious. The Japanese giant has bought about 2% of the Californian startup’s shares in a private placement ($30 million, $21.15 per share). Panasonic and Tesla plan to jointly market and sell Tesla battery packs using Panasonic’s battery cells…. Read the full story on TreeHugger
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Panasonic Buys a 2% Stake in Tesla Motors for $30M
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