Panasonic has reportedly sold its stake in Tesla for around 400 billion yen (approximately USD3.6bn $3.61 billion) in the year ended March, according to media reports.

Panasonic’s battery business is dominated by Tesla, but Reuters noted in its report that the two firms have had a tense relationship at times.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Panasonic has apparently got a very good return on its Tesla shares purchased in 2010 for around USD30m.

Reuters noted that analysts say while Panasonic gave financial backing to Tesla when it was smaller, the automaker’s expansion means there’s no need for capital ties any longer.

The report also said the stake sale will not affect the partnership with Tesla, citing a Panasonic spokesperson.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact