Absolutely! Panasonic is the only battery supplier to Tesla and Panasonic sells more batteries for electric cars than ALL other manufacturers combined! This is the future and there isn't even a close second to Panasonic when it comes to car batteries. The sky is the limit here! There is no doubt the demand for these batteries will skyrocket. Whether they build the gigafactory or not, they will find a way to fill a massive need for more batteries.
Sentiment: Strong Buy
Google "Electric car groups eye collaboration over charging technology"
Great article on Tesla share charging technology with Nissan and BMW
Musk is also going to share his patents with other car makers to help the electronic car market really take off and eventually replace gas powered cars. That is the real reason behind the gigafactories that Panasonic and Tesla will be partners in. Elon Musk isn't just aiming to get the battery pack cost down for his cars. He is looking at a much larger picture. They aim to be the supplier of battery packs to every car company. Their goal is for every make and model to have a piece of Panasonic and Tesla in them. This is more than likely why he has said that he probably will step down from Tesla no more than 3 or 4 years from now. He will be putting all of his focus in the technology that will completely transform the auto industry. Panasonic will be with him every step of the way! Panasonic is being overlooked by the masses and people have no idea yet just how big Panasonic is going to be as a result of this partnership. Heck, most people don't even know about the partnership yet. Musk and Panasonic are about to get everything ironed out and then look out! Panasonic stock right now is a sleeping giant but not for long! Smart money is moving in and buying up shares of Panasonic a little bit at a time. They will be setting pretty when this party starts.
Sentiment: Strong Buy
I am buying and accumulating stocks in graphite mines and that is is for me.
low numbers of shares and bod are buying and holding shares
GRAPHITE DEMAND set to POWER Up!
Graphite demand set to power up Saturday, June 07, 2014 by Proactive Investors The increasing use of rechargeable batteries is powering up demand for graphite The increasing use of rechargeable batteries is powering up demand for graphite Graphite has been the talk of the town recently and demand continues to build in step with the growing green technology economy.
That is why Tesla buys all of their batteries from Panasonic and will not purchase from anyone else. There isn't even a close second to their batteries which is why Panasonic sells as many car batteries worldwide as every other battery maker combined. I do not believe any other company has done what Panasonic has done. Who else can say their battery packs are strong enough to take a car from 0 to 60 in 5 seconds and take a car 300 miles on a single charge. No doubt the Tesla electric motors are awesome but they do get their power from the battery packs supplied to them by Panasonic. The masses just do not realize just how big this Tesla deal is for Panasonic. When they do, these prices will only be a memory. Panasonic stock will explode!
Sentiment: Strong Buy
This will make Tesla the industry standard. SMART
"Opening access to the Supercharger fits into Musk's vision of preventing the Supercharger from becoming a "walled garden," Engadget said. The Supercharger, akin to a gas station, allows Tesla owners to charge half the car's battery life in about 20 minutes"
Now that Tesla has said that Panasonic will continue to be their sole supplier of lithium ion batteries for their cars, it is only a matter of time before Panasonic stock explodes. These batteries are very expensive and actually make up about 40% of the total price of a Tesla. That is a huge hunk of change going to Panasonic for each and every Tesla sold. If you take Elon Musk at his word and it is hard to doubt him since he has already done what they have said can't be done time and again such as making an electric car that travels up to 300 miles on a single charge, electric cars that go from 0 to 60 in 5 seconds, and then there are all of the free charging stations he has set up across America so travelers can now travel long distances for free, Yes, he has made all of that happen when everyone said he could not do it. Now Musk says he will increase from 25,000 cars sold per year to 500,000 cars sold per year when he teams up and makes Panasonic a partner in a mega facility to seriously ramp up the manufacturing of the batteries. There is a waiting list for their cars because they currently can't make the batteries fast enough to keep up with the demand. If Musk is half wrong on his prediction of sales, that still increases Panasonic's battery sales explode in growth 10 times what they are today. This is absolutely huge for Panasonic!
The batteries are lithium-ion. Lithium explodes easily. The type that Tesla uses graphite.
The three primary functional components of a lithium-ion battery are the positive and negative electrodes and electrolyte. Generally, the negative electrode of a conventional lithium-ion cell is made from carbon. The positive electrode is a metal oxide, and the electrolyte is a lithium salt in an organic solvent. The electrochemical roles of the electrodes reverse between anode and cathode, depending on the direction of current flow through the cell.
The most commercially popular negative electrode is graphite. The positive electrode is generally one of three materials: a layered oxide (such as lithium cobalt oxide), a polyanion (such as lithium iron phosphate) or a spinel (such as lithium manganese oxide).
The electrolyte is typically a mixture of organic carbonates such as ethylene carbonate or diethyl carbonate containing complexes of lithium ions. These non-aqueous electrolytes generally use non-coordinating anion salts such as lithium hexafluorophosphate (LiPF),
lithium hexafluoroarsenate monohydrate (LiAsF),
lithium perchlorate (LiClO),
lithium tetrafluoroborate (LiBF) and
lithium triflate (LiCF3SO).
There are a couple of good news stories released today on their progress. Looks like they are close to breaking ground on their first of what could be several gigafactories. This is huge for both companies!
Sure someone will come out with a better battery, including Panasonic. They will always be finding ways to improve it. Panasonic though will have a long term thing with TSLA. They will be partners and Panasonic will be putting up some of the money for the factory. But yes, it will be extremely profitable for Panasonic. The batteries that go into the Tesla vehicles make up for about 40% of the sell price of the vehicle. They are extremely pricy and extremely profitable.
I think so too tesio_nz. I didn't mean at all to sound like I was doubtful that he would make it happen. Musk will get to his goal of 500,000 cars per year whether the gigafactory is built or not. I just feel that they are looking at all angles and if they find a way to get to the number of batteries they need without the expense of the gigafactory, they would have to look at that option.
If this gigafactory happens and it sure looks like it is, Panasonic shares will absolutely explode in value. I feel and I am sure you probably agree that when they break the news of the location and officially name Panasonic as their partner, the share price of Panasonic could double or even possibly triple on the news alone before they even break ground.
The grass wont grow under Elon Musk's feet.....the man will move mountains if necessary ....he is another Henry Ford ...knows what is needed and how to get there..... will likely turn the auto industry on it's head in a very short time.....incidentally his CTO is no slouch either
Panasonic has now signed a letter of intent with Tesla. That is really no surprise though since Panasonic already makes all of the batteries for Tesla. This gigafactory though will jump Panasonic's battery sales up over 10 times what they are today.
The real question is will this gigafactory really get built. If it does, Panasonic is their partner. Now we just wait and see if they actually pick a location and break ground. They are saying they could be breaking ground as early as June so they would need to name the location and move pretty quickly if that is the case. But yes, if this thing actually happens, this will be absolutely huge for Panasonic! We will then be saying, "Remember back when we could pick up shares of Panasonic in the $10 range?"