Panasonic Corp sold shares in Tesla for about 400 billion yen ($3.61 billion) during the financial year ended March, a company spokesperson said on Friday.
Japan's Panasonic Corp sold all of its stake in Tesla Inc last fiscal year which helped it earn billions of dollars in proceeds to fund new investments, the Nikkei business daily reported on Friday.
Japan's Panasonic Corp sold all of its stake in Tesla Inc last fiscal year, in a move that likely earned it billions of dollars to fund new investments, the Nikkei business daily reported on Friday.
U.S. stock indexes set fresh records on Thursday and European shares closed near all-time highs, fueled by supportive U.S. jobless claims data and a breakthrough in infrastructure spending talks in Washington.
The Nasdaq and the S&P 500 indexes closed at record highs on Thursday, with the Dow also jumping almost 1% after U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal.
The Nasdaq and the S&P 500 indexes closed at record highs on Thursday, with the Dow also jumping after U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal.
The Nasdaq and the S&P 500 indexes hit all-time highs on Thursday, with the Dow also jumping, as U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal.
What happened
Shares of Tesla (NASDAQ: TSLA) have surged this week, rising more than 10% as of this writing. At one point during the week, the electric-car maker's shares were up a total of 11.9%.
A bipartisan $1.2 trillion infrastructure framework does not contain new money for electric vehicle rebates but would spend $15 billion to boost EV charging stations and buy electric school and transit buses, the White House said in a fact sheet.
What happened
Tesla (NASDAQ: TSLA) rose on Thursday after CEO Elon Musk said he would strive to give the electric-vehicle maker's shareholders preference when a subsidiary of the privately owned SpaceX goes public. As of 12:55 p.m. EDT, Tesla's stock price was up more than 5%.
The Nasdaq and the S&P 500 indexes hit all-time highs on Thursday, boosted by shares of Tesla and other top-shelf technology firms as data showing fewer weekly jobless claims bolstered views of a steady recovery in the labor market.
The Nasdaq and the S&P 500 indexes hit all-time highs on Thursday, boosted by shares of Tesla and other top-shelf technology firms as data showing fewer weekly jobless claims bolstered views of a steady recovery in the labor market.
In early trading on Thursday, shares of Tesla topped the list of the day's best performing components of the Nasdaq 100 index, trading up 3.6%. Year to date, Tesla has lost about 3.6% of its value.
The investigators who revealed Toshiba Corp colluded with Japan's trade ministry to pressure foreign shareholders defended the integrity of their inquiry, pushing back against government criticism it was one-sided.
The S&P 500 and the Nasdaq opened at all-time highs on Thursday, boosted by shares of Tesla and other top-shelf technology firms as data showing fewer weekly jobless claims pointed to a steady recovery in the labor market.
The Nasdaq was set to open at a record high on Thursday, boosted by shares of Tesla and other top-shelf technology firms as data showing fewer weekly jobless claims pointed to a steady recovery in the labor market.
Volvo Cars plans to make lidar sensors standard equipment in a new generation of its XC90 SUV next year as part of a strategy to deploy more advanced safety and automated driving technology that relies on precise images of the world around the vehicle.
Lordstown Motors (NASDAQ: RIDE) drops 20% as the CEO and CFO resign. Bank of America (NYSE: BAC) CEO Brian Moynihan says consumer spending has risen 20% over 2019 levels. In this episode of MarketFoolery, Motley Fool analyst Jason Moser, with host Chris Hill, analyzes those stori
In recent trading, shares of Tesla Inc (Symbol: TSLA) have crossed above the average analyst 12-month target price of $643.18, changing hands for $656.57/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuatio
Nasdaq 100 futures hit a record high on Thursday as shares of Tesla and other top-shelf technology companies rose, while investors awaited weekly jobless claims data and tracked progress in President Joe Biden's infrastructure package.