Ev battery supplier panasonic sells tesla stake, in pivot to boost its own braintrust

EV battery supplier Panasonic sells Tesla stake, in pivot to boost its own braintrust

2021 Tesla Model S PlaidPanasonic sold its entire stake in key battery customer Tesla—worth an estimated $3.6 billion—last fiscal year, Nikkei Asia reported Friday. The move gives Panasonic funds for new strategic investments, such as the $7.1 billion purchase of logistics and supply-chain firm Blue Yonder, the report noted. It’s an indication Panasonic could…