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.

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.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Auto Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving automotive industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now