Panasonic Sells Entire Stake in Tesla for $3.6 Billion USD

According to Nikkei and Bloomberg, Panasonic has sold its entire stake in Tesla for $3.6 billion USD, in order to raise funds for an upcoming acquisition.Despite the sale of its entire stake in Tesla, Panasonic CEO Yuki Kusimi told Bloomberg that the company is planning to make a "large investment" in Tesla's new lithium-ion battery cells if the prototype production is successful.The sale comes as Panasonic's cross-shareholdings policy was in review to assure compliance with corporate governance...