Tesla (TSLA) Stock Down 5% amid Panasonic Cutting Battery Production
By
Darya Rudz
• 3 mins read
As a result of all the challenges faced by Tesla, its long-time partner Panasonic is also bearing losses. It has lowered its full-year operating profit forecast for its battery unit to ¥115 billion ($771 million) from ¥135 billion, as the demand for Tesla EVs in North America slowed down.
