BUSINESS FOREIGN-NEWS

Panasonic sells Tesla stake for $3.6 bln, may use cash for strategic investments

June 25, 2021 easitimes 412 Views 0 Comments PANASONIC, TELSA

Reporting by Chang-Ran Kim; Editing by Jacqueline Wong

Panasonic wants to reduce reliance on Tesla
Panasonic seeks to raise cash for investing in growth
Sale will not change relationship – Panasonic spokesperson

Panasonic Corp (6752.T) sold its stake in electric car maker Tesla Inc (TSLA.O) for about 400 billion yen ($3.61 billion) in the year ended March, a spokesperson for the Japanese company said on Friday.

REUTERS

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