TOKYO/SEOUL (Reuters) – Shares of Asian companies in Tesla Inc’s battery supply chain surged on Tuesday after Panasonic Corp’s report on the first profit at its battery venture with Tesla boosted investor confidence in the U.S. electric vehicle (EV) maker. Panasonic’s first quarterly profit from its $1.6 billion investment in Tesla’s so-called Gigafactory in Nevada gives another vindication for Tesla founder Elon Musk’s bet on EVs against established automaking heavyweights including General Motors Co. “But now there is more viability about the sector thanks to Tesla’s strong sales and Europe’s tougher emissions regulations,” he said. …read more
Source:: Yahoo Finance
