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To: catnipman

Here’s a better story on the situation:

https://finance.yahoo.com/news/panasonic-says-reviewing-further-investment-095456810.html

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.

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.

“Both Tesla and Panasonic continue to invest substantial funds into Gigafactory,” a Tesla spokesperson said.

“That said, we believe there is far more output to be gained from improving existing production equipment than was previously estimated.”

...

Tesla is also in the process of buying Maxwell, which should give them a significant boost in battery production and capacity, which could give another reason for them to delay expansion until that acquisition is complete.


3 posted on 04/12/2019 11:21:02 AM PDT by Moonman62 (Facts are racist.)
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To: Moonman62

This company is a loser.

I wouldn’t buy a Tesla at any price...

think Delorean...


5 posted on 04/12/2019 11:24:18 AM PDT by nikos1121 (Are you on the Daily Cryptogram Ping List?...)
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