Tesla shares fall on report Panasonic is pulling back on the Gigafactory

//Tesla shares fall on report Panasonic is pulling back on the Gigafactory

Tesla shares fall on report Panasonic is pulling back on the Gigafactory

Tesla Inc. and Panasonic, its top battery partner, are reconsidering ambitious plans to expand the company’s Gigafactory outside Reno, Nevada, after Tesla missed Wall Street’s sales expectations by a wide margin in the first quarter, Japanese business newspaper Nikkei Asian Review reported Thursday, citing unnamed sources. Tesla shares closed down 2.8 percent Thursday on the news. The carmaker disputed the report and said in a statement that "both Tesla and Panasonic continue to invest substantial…

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By | 2019-04-12T13:27:36+00:00 April 12th, 2019|Technology|

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