25
Jun
15:33
Panasonic divests entire Tesla stake for $3.6 billion
Japanese conglomerate Panasonic confirmed on Friday it has sold its entire stake in Tesla for 400 billion yen ($3.6 billion), Kallanish reports.
The company purchased 1.4 million shares in the electric vehicle manufacturer in 2010 for around $30 million. As of March 2020, these shares were worth around $730m, which shows Panasonic’s investment has majorly benefitted from Tesla’s huge stock appreciation over the past year. The shares were sold in t…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous