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Highpower International, Inc. Message Board

  • smcquaggjr smcquaggjr May 23, 2014 2:08 PM Flag

    Panasonic to build Tesla Batteries ??

    From Yahoo Business:

    Next up is Tesla (TSLA), it's up more than 5% on the week, one of many recently battered momentum names putting in a reversal over the last five days. The headline catalyst in this case involves word that Panasonic is bidding to be Tesla's sole battery partner in the so-called Gigafactory. As with all things related to the plant, Tesla isn't above leveraging favorable economic terms in exchange for exclusivity. Tesla is actually breaking grounds in two different states as it continues to grind out better terms from local politicians. Shares of Tesla are up 37% for the year.

1.89+0.04(+2.16%)May 31 4:00 PMEDT