Business

Panasonic investing $30 million in Tesla Motors

Thursday, November 04, 2010
Tesla is only six years old and is now starting a new chapter in its young life.

Panasonic Corporation says it is now investing $30 million in Tesla Motors, the Palo Alto based U.S. maker of electric sports cars.

The Japanese electronics company announced today it hopes the investment will help expand the market for electric vehicles.

Toyota Motors has already invested $50 million in Tesla. Tesla officially took over the former NUMMI auto plant in Fremont last month to set up manufacturing operations for a new electric sedan.

 

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tesla, nummi, business
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