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Panasonic Corp (OTC: PCRFY), a key battery supplier and an early investor in Tesla Inc (NASDAQ: TSLA), has shed all of its stake — worth about $730 million — in the Palo Alto, California-based electric vehicle company last fiscal year, as per a Nikkei Asia report. What Happened: Panasonic shed its entire Tesla stake to fund new strategic investments, the report noted.
...read full article on Benzinga
