Panasonic Invests in Tesla
November 4th, 2010Via: Reuters:
Tesla Motors has just picked up a $30 million investment from Japanese electronics giant Panasonic. The two companies announced late on Wednesday that Panasonic — a preferred battery cell supplier for Tesla’s electric vehicles — has bought a $30 million stake in the Palo Alto, Calif.-based car maker.
Panasonic made the investment through a private placement of common stock priced at $21.15 per share, according to a release from Tesla, and it now holds about 2 percent of the company.
