Panasonic pays $21.15 per share in a private placement having been a supplier of batteries to Tesla.
Japan-based electronics company Panasonic has invested $30m in a minority stake in electric car company Tesla Motors.
Panasonic paid $21.15 per share in a private placement having been a supplier of batteries to Tesla.
Naoto Noguchi, president of Energy Company, a unit of Panasonic responsible for its battery cell business, said: "Panasonic aims to be the number one green innovation company in the electronics industry by 2018, the 100th anniversary of our founding."
