Panasonic to invest $256 mn in Tesla's solar cell factory
Japanese electronics company Panasonic will invest more than $256 million in a New York production facility owned by Elon Musk's Tesla Motors to make solar cells and panels. Following the announcement, Tesla's shares were up by 3.5% on Tuesday. Panasonic is the exclusive supplier of batteries for Tesla's Model S, Model X, and the upcoming Model 3.