Panasonic sold its entire stake in Tesla last fiscal year

Panasonic sold its entire stake in Tesla last fiscal year


© Reuters. FILE PHOTO: A logo of Panasonic Corp is pictured at the Combined Exhibition of Advanced Technologies at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai/File Photo

TOKYO (Reuters) – Japan’s Panasonic (OTC:) Corp sold all of its stake in Tesla (NASDAQ:) Inc last fiscal year, in a move that likely earned it billions of dollars to fund new investments, the business daily reported on Friday.

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