Sunday, November 7, 2010

Panasonic Invests $30 Million in Tesla

November 4, 2010, 7:25 am

From our colleagues at DealBook:

Looking to the expansion in the global market for green vehicles, Panasonic is investing $30 million in Tesla Motors, the American maker of electric sports cars, the companies said on Thursday.

Panasonic, the biggest electronics maker in Japan, will acquire about a 2 percent stake in Tesla, purchasing Tesla common stock at $21.15 a share, The Associated Press reported.

Read more here.

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