Panasonic to invest more than $256 million in Tesla’s plant for solar cells

Tesla Model X

Panasonic Corp will invest over 30 billion yen ($256 million) in a production center of Tesla Motors to make photovoltaic (PV) cells and modules, expanding a collaboration of the two companies. Tesla’s shares increased 3.5 percent at $220.75 in early trading on Tuesday. Panasonic, which has been pulling back from low-margin consumer electronics to focus […]