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Here’s How Elon Musk Sent Panasonic Shares Soaring

June 8, 2016

Via: Fortune

Tesla Motors is working exclusively with Panasonic Corp to supply batteries for the Model 3, its first mass-market car, the U.S. automaker’s chief executive said on Wednesday, sending Panasonic shares higher.

Reuters reported a day earlier a source with direct knowledge of the matter saying that Samsung SDI was making progress in talks with Tesla to supply batteries for the electric car, as well as Tesla’s energy storage systems.

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