Tesla Dips On News Of Panasonic Suspending Plans Unlisted Video
5 years ago
5
Markets Insider reports that Tesla shares dipped in early trading on Thursday. The decline in performance came after a report said the electric-car maker and Panasonic would be suspending plans to expand the Nevada Gigafactory. Panasonic, the exclusive battery-cell supplier for Tesla, announced they will also be suspending its planned investments in Tesla's Shanghai plant. A Tesla spokesperson told Nikkei the electric-car maker would continue to make new investments in Gigafactory 1.
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