Panasonic sold its entire stake in Tesla last fiscal year – Nikkei


FILE PHOTO: A logo of Panasonic Corp is pictured at the Combined Exhibition of Advanced Technologies at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai/File Photo

June 24, 2021

TOKYO (Reuters) – Japan’s Panasonic Corp sold all of its stake in Tesla Inc last fiscal year, in a move that likely earned it billions of dollars to fund new investments, the Nikkei business daily reported on Friday.

(Reporting by Chang-Ran Kim; Editing by Jacqueline Wong)

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