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Panasonic investing $30 million in Tesla Motors

Panasonic Corp. is investing $30 million in Tesla Motors Inc., the U.S. maker of electric sports cars, eyeing expansion in the global market for green vehicles, both sides said Thursday. Panasonic will acquire about a 2% stake in Tesla by purchasing Tesla common stock at $21.15 per share. Panasonic, which already makes batteries for Tesla vehicles, said the two firms ...

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Tesla opens first showroom in Asia at Tokyo

Tesla, the Palo Alto maker of electric sports cars and new pal of Toyota, opened a showroom in Tokyo this week. It’s Tesla’s first dealership in Asia. The U.S. maker of electric sports cars is hoping to persuade rich buyers before eventually widening its appeal with cheaper models. Tesla has globally sold only 1,400 of the electric cars – which ...

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