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A more appropriate headline would be: Panasonic uses gains from stock investment (TSLA) to expand car battery operations.
by avelis 5y ago
A more appropriate headline would be: Panasonic uses gains from stock investment (TSLA) to expand car battery operations.
- jamestenglish 5y agoEven more appropriate: Over the course of the last year Panasonic has divested from TSLA and used the gains to expand car battery operations. The currently headline makes it sound like it just click sell on $3.6B shares, the article makes clear that they have been selling over the year and this is just the final report that they are fully divested.
- dehrmann 5y agoThat's the story people might tell, but it's untrue. Interest rates are low. Panasonic has a medium investment-grade credit rating. Yields those bonds would be something like 3.5%. Panasonic would rather sell Tesla shares to fund a project than pay 3.5% interest.