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Panasonic has reportedly offered its stake in Tesla for about four hundred billion yen (roughly USD3.6bn $three.61 billion) in the 12 months ended March, according to media reviews.
Panasonic’s battery enterprise is dominated by Tesla, but Reuters mentioned in its report that the two firms have had a tense romantic relationship at instances.
Panasonic has apparently received a extremely fantastic return on its Tesla shares acquired in 2010 for about USD30m.
Reuters mentioned that analysts say though Panasonic gave economical backing to Tesla when it was lesser, the automaker’s enlargement means there’s no need to have for cash ties any extended.
The report also reported the stake sale will not have an affect on the partnership with Tesla, citing a Panasonic spokesperson.
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