ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Panasonic unloads entire Tesla stake

Exclusive: Japanese electronics company says relationship "will not change"

Panasonic generated hefty proceeds from the sale of its Tesla holdings.    © Reuters

OSAKA -- Panasonic sold its entire stake in key battery customer Tesla -- a holding worth around 400 billion yen ($3.6 billion) -- last fiscal year, Nikkei learned Friday.

The move gives the Japanese company billions of dollars to fund new strategic investments, such as the $7.1 billion purchase of U.S. software company Blue Yonder.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more