Financial News

Panasonic sold its entire stake in Tesla last fiscal year

TOKYO -Panasonic Corp sold all of its stake in Tesla Inc in the year ended March, filings from the Japanese firm showed on Friday. Panasonic bought 1.4 million Tesla shares at US$21.15 each in 2010 for about US$30 million. The stock is now worth US$679.82 apiece. The windfall likely accounts for …

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