Tesla's battery demand is 'stable,' Panasonic CEO says, but U.S. election a risk

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20240110 tesla and pana

Tesla is a key client for Panasonic, which is looking to expand production of EV batteries in the U.S. (Source photos by Reuters)

RYOHTAROH SATOH, Nikkei staff writer

LAS VEGAS, U.S. -- Demand for Panasonic batteries from key client Tesla is "stable," but the upcoming U.S. presidential election poses uncertainty for the electric vehicle market as a whole, the president of Panasonic Holdings said on Tuesday.

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