PCRFY - Panasonic Corporation

Other OTC - Other OTC Delayed Price. Currency in USD
9.19
+0.10 (+1.10%)
At close: 3:53PM EDT
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Previous Close9.09
Open9.10
Bid0.00 x 0
Ask0.00 x 0
Day's Range9.09 - 9.29
52 Week Range8.34 - 15.05
Volume293,824
Avg. Volume164,937
Market Cap21.685B
Beta (3Y Monthly)0.86
PE Ratio (TTM)10.23
EPS (TTM)0.90
Earnings DateN/A
Forward Dividend & Yield0.26 (3.04%)
Ex-Dividend Date2018-09-26
1y Target Est14.70
Trade prices are not sourced from all markets
  • Review: Panasonic Lumix S1 full-frame mirrorless camera
    Engadget16 days ago

    Review: Panasonic Lumix S1 full-frame mirrorless camera

    Panasonic has made a strong full-frame mirrorless debut with the Lumix S1. You get a rugged, weatherproof and heavy body that handles well, and it delivers excellent image and video quality, even in low light. It beats rival models from Canon and Nikon feature-for-feature, thanks to dual high-speed card slots, 5-axis in-body stabilization, the clearest EVF on the market and 10-bit, 4K video with no crop. The biggest negative is the contrast-detect autofocus, which can’t stand up to the phase-detect systems on other models, especially for video. It’s also the most expensive 24-megapixel full-frame mirrorless camera at $2,500, and Panasonic is charging for a key firmware update on top of that.

  • Reuters16 hours ago

    Panasonic may upgrade Japan plant to make advanced Tesla batteries: source

    Panasonic Corp may upgrade one of its battery plants in Japan to produce advanced-format battery cells for Tesla Inc if needed by the U.S. electric vehicle (EV) maker, a person familiar with the matter told Reuters on Thursday. Panasonic, currently the exclusive battery cell supplier for Tesla, produces cells for the EV maker at their joint plant in the U.S. state of Nevada - the so-called Gigafactory - as well as at two plants in Japan. The Japanese plants handle cylindrical lithium-ion "18650" cells, used to power Tesla's Model S and Model X vehicles, whereas the Nevada plant produces the newer, higher-energy density "2170" cells for the mass-market Model 3 sedan.

  • Bloomberg3 days ago

    Musk Duels Panasonic in Rare Public Battle With Key Supplier

    Musk shot back in tweets that Panasonic is the culprit by operating at a pace that’s constrained production of Tesla’s Model 3 sedan. Tesla delivered just 63,000 cars globally in the first quarter, compared with almost 91,000 in the previous three months. Panasonic’s apparent reluctance to boost battery production only adds to the skepticism -- and it may portend greater troubles.

  • Financial Times11 days ago

    Tesla and Panasonic freeze Gigafactory expansion plans

    Tesla and Panasonic are freezing plans to expand the capacity of their Gigafactory 1, the world’s largest electric vehicle battery plant, as concerns mount on Wall Street about sales at Elon Musk’s car company dipping below estimates. The partners had planned to raise capacity 50 per cent by next year, but with sales of electric vehicles performing below plans, the two companies concluded that a major investment at this stage poses too much of a risk, Nikkei has learnt. Tesla’s goals of becoming a mass producer of electric vehicles, on the order of 1m cars a year, will be pushed back for now.

  • Bloomberg12 days ago

    Musk Says Panasonic Battery Cell Lines Constraining Tesla Output

    “Pana cell lines at Giga are only at ~24GWh/yr & have been a constraint on Model 3 output since July,” Musk wrote in a tweet Saturday. Tesla shares tumbled Thursday after the Nikkei reported that the company and Panasonic were freezing plans to expand capacity at the plant near Reno. Panasonic didn’t immediately respond to a request for comment outside normal business hours.

  • Don’t Shed a Tear for This Tesla Breakup
    Bloomberg14 days ago

    Don’t Shed a Tear for This Tesla Breakup

    In addition, Panasonic will suspend its planned investment in the carmaker’s China factory, which recently broke ground. Understandably, Tesla investors weren’t too happy. Panasonic shares, on the other hand, rose sharply – as much as 4 percent – in early trading Friday. In response to the Nikkei report, Tesla said both companies "continue to invest substantial funds" into the Gigafactory but also noted that "we are seeing significant gains from upgrading existing lines,” allowing them to “achieve the same output with less spent on new equipment purchases." Meanwhile, Panasonic said it is assessing demand and will study whether to invest more in its collaboration with Tesla.

  • Reuters14 days ago

    Tesla, Panasonic to seek productivity gains before new battery investments

    TOKYO/BENGALURU (Reuters) - Panasonic Corp and Tesla Inc will continue to make new investments in the U.S. electric carmaker's Gigafactory as needed, but believe they can squeeze more out of existing resources than previously planned, Tesla said on Thursday. Separately, Panasonic said it was watching the demand situation in the electric car market before making any further investments in expanding the capacity of the Nevada plant. The two companies were responding to a report by Japan's Nikkei that said they had frozen previous plans to raise the capacity of the plant, which supplies battery packs for Tesla cars.

  • Barrons.com14 days ago

    Tesla Stock Is Down Because Panasonic Is Reportedly Nixing Expansion Plans for a Big Battery Factory

    Tesla and Panasonic are halting plans to expand the capacity of a huge factory that produces batteries for electric vehicles, according to a new report.

  • Tesla, Panasonic Temper Expansion Plans for Battery Factory
    Bloomberg14 days ago

    Tesla, Panasonic Temper Expansion Plans for Battery Factory

    Panasonic said it will study additional investment in collaboration with Tesla, following a Nikkei report that said the two had frozen spending plans. While Chief Executive Officer Elon Musk last week reiterated a forecast for 360,000 to 400,000 vehicle deliveries in 2019, investors remain cautious given Tesla’s history of missing ambitious projections. “The environment for Tesla is getting tougher and there are question marks on Tesla’s ability to deliver sustainable profits,” said Sven Diermeier, a Frankfurt-based analyst at Independent Research GmbH.

  • TheStreet.com14 days ago

    Tesla Can Only Get By With a Little Help From Its Friends

    shares enter stall mode in Thursday's trading, one truth is evident about Elon Musk's company: Tesla can only get by with a little help from its friends. Tesla was in the news this morning -- from an article in the always excellent Nikkei Asian Review -- stating that Panasonic Corp. had scaled back plans to invest further in Tesla's Gigafactory 1 in Nevada, and would not act as a source for lithium-ion batteries for Tesla's under-construction plant near Shanghai in Lingang.

  • Tesla, Panasonic modify expansion plans for gigafactory
    TechCrunch14 days ago

    Tesla, Panasonic modify expansion plans for gigafactory

    Tesla and Panasonic have reportedly paused plans to add more batteryproduction lines at Gigafactory 1, its massive factory outside of Reno, Nevadathat is a cornerstone to the automaker's business

  • Bloomberg14 days ago

    Freeze at Tesla Gigafactory Hints at Slower Sales, Analyst Says

    “We believe Tesla’s cells made at the Gigafactory are even more costly than imported cells from Japan, as the supply chain determines costs in batteries, not the size of any production facility,” Irwin wrote in a note to clients. Tesla shares dropped as much as 3.8 percent in New York on Thursday after Nikkei reported that Tesla and Panasonic were freezing the expansion of the gigafactory near Reno, Nevada. New Street Research analyst and one of the biggest Wall Street bulls on the stock, Pierre Ferragu, said the Nikkei report only reflected the fact that Panasonic doesn’t consider any immediate significant further investment in Tesla, and did not contain much new information.

  • Tesla’s Growth Story Needs a New Charge
    Bloomberg14 days ago

    Tesla’s Growth Story Needs a New Charge

    Panasonic Corp. and Tesla are reportedly “tempering expansion plans” at the Gigafactory, the giant facility in Nevada that produces battery packs for the electric vehicle-maker. Panasonic supplies batteries and has invested heavily in the plant, with capacity there now close to 35 gigawatt-hours(1), according to Benchmark Mineral Intelligence, an analytics firm specializing in the battery supply chain.

  • Panasonic Is Reportedly Reviewing Further Gigafactory Investments
    Motley Fool14 days ago

    Panasonic Is Reportedly Reviewing Further Gigafactory Investments

    Is Tesla's most important supplier worried about demand?

  • MarketWatch14 days ago

    Tesla shares slump premarket on report that plan to expand Gigafactory is on hold

    Telsa Inc. shares fell 4% in premarket trade Thursday, after a report that the electric car maker and Japan's Panasonic Corp. are freezing plans to expand their Gigafactory 1, on concerns about weakening demand for Tesla's cars. The pair had planned to increase capacity at the world's biggest electric vehicle battery plant by next year, the Nikkei reported, but financial problems have led them to reconsider that plan. The Gigafactory has been making batteries for Telsa's mass market sedan, the Model 3, since Jan. 2017. Panasonic makes the cells that Telsa then assembles into battery packs. The companies were planning to expand capacity to 54 gigawatt hours a year by 2020, up from 35 gigawatt hours now. The two companies have invested $4.5 billion in the plant, the Nikkei reported. Tesla's recent deliveries miss has prompted analysts, including at Goldman Sachs, to lower estimates for 2019. Tesla shares have fallen 8.3% in the last 12 months, while the S&P 500 has gained 9.3%.

  • Panasonic S1 review: A perfect camera, except for its autofocus system
    Engadget15 days ago

    Panasonic S1 review: A perfect camera, except for its autofocus system

    Panasonic is last to the full-frame mirrorless fight, but it's coming out swinging. In February, it unveiled the S1 and S1R cameras and both of them are tough, beastly models with impressive feature sets. The 24.2-megapixel S1 I'm reviewing here is the more affordable at $2,500, but it's also the most versatile, aimed equally at photographers and videographers. Feature-wise, it lines up closely with Sony's A7 III and the new Nikon Z6 . The spec sheet is packed with things like 5-axis in-body stabilization, 10-bit internal 4K recording, a stellar electronic viewfinder and dual card slots. I had concerns about the price and autofocus system, however, so I was very curious to see how it stacked up against its main rivals in a full review. Now, let's find out.

  • Reuters16 days ago

    Exclusive: SK Innovation in talks to set up EV battery JVs with Volkswagen, China partners

    SK Innovation Co Ltd is in talks to set up separate battery-making joint ventures with Volkswagen AG and Chinese partners, as the South Korean petrochemicals producer aggressively expands its involvement in electric vehicles (EVs). The company confirmed talks with Germany's Volkswagen for the first time, telling Reuters the pair were discussing building a factory together. It also said it was on the cusp of agreeing to build a plant in China with undisclosed partners.

  • Panasonic's G95 is a do-it-all hybrid mirrorless camera
    Engadget20 days ago

    Panasonic's G95 is a do-it-all hybrid mirrorless camera

    With the release of the Lumix G95 (the G90 in Europe), Panasonic continues tobuild cameras that appeal equally to photographers and video shooters