Panasonic sinks $30 million into Tesla, begs for an earlier Model S build

Okay, so executives at Panasonic probably aren't in any big hurry to get ahead in the long, long wait for a Model S, but a $30 million gift could probably get 'em just that. Panny has this week sunk quite a few bills into Tesla by way of a common stock purchase, and while the two have expressed fondness for each other before, this kind of investment doesn't happen without a serious tie-up being in the works. Of course, Panasonic just so happens to be the planet's leading battery cell manufacturer, and as of now, it's being called Tesla's "preferred lithium-ion battery cell supplier for its battery packs." So yeah, you know where to look first when things start overheating, melting or spontaneously erupting in flames.

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Panasonic sinks $30 million into Tesla, begs for an earlier Model S build originally appeared on Engadget on Fri, 05 Nov 2010 03:06:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2010/11/05/panasonic-sinks-30-million-into-tesla-begs-for-an-earlier-mode/

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