Panasonic sold 1.4 million Tesla shares corresponding to the entire shareholding of the Japanese giant in the car manufacturer , one of the main buyers of its batteries for years. As Nikkei Asia reports, the operation, which dates back to fiscal year 2020 (ended March 31, 2021) and came to light after the presentation of Panasonic's annual results, would have contributed in large part to the approximately 430 billion yen (US $ 3.9 billion) appeared under the item & quot; proceeds from the sale and redemption of investments & quot; in the documents presented by the company.
This is a huge operation, considering the value of the company's quotations. by Elon Musk (today they reached $ 679.82, revaluing by 4.9% after the news of the sale) that will serve; to finance new unspecified operations . Among these, according to local media, could include the acquisition of the company & agrave; US software Blue Yonder for a total of $ 7.1 billion.
The sale of the shareholding will not sanction; no divorce between the parties: as a company spokesman confirmed to the Japanese newspaper, the two realities; will continue to collaborate side by side in the commercial field : & quot; Our relationship with Tesla as a business partner will not change; in the future & quot ;.
The one between Tesla and Panasonic & egrave; a long-standing history that has its roots in 2009, when the company & agrave; by Elon Musk was still a Silicon Valley startup. A year later, Panasonic had made a $ 30 million investment in the American company (buying the shares that have now been sold), which spurred expansion into the electric car business. The Japanese electronics giant, the third largest battery manufacturer in the world, has been supplying Tesla with lithium-ion cells for twelve years and has been supporting the company's engineers to optimize the performance and design of its electric cars .
According to what is learned from the newspapers, Panasonic will continue & agrave; to supply Tesla with its cells and is collaborating on the creation of new generation batteries that Elon Musk himself already had; announced last year. Just in recent days, the new CEO of Panasonic, Yuki Kusumi, has made it known that the company & agrave; & egrave; ready for a & quot; big investment & quot; on Tesla's 4680 cells if the pilot line they have set up will give & agrave; positive results.
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