Tens of Billions! - Tesla Model III Forum, Tesla Model 3 Forums
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post #1 of 4 (permalink) Old 10-16-2014, 09:06 AM Thread Starter
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Tens of Billions!

At least thats what CEO Kazuhiro Tsuga is saying when question about investing in Tesla's gigafactory.

From Reuters:

Quote:
Chief Executive Kazuhiro Tsuga also told reporters that he did not think the yen's current exchange was "bad", as long as it remained stable. He did not give any more details.

...

Panasonic has agreed to produce lithium ion cells for battery packs and will fund part of the cost of the plant.
Panasonic is banking on this project BIG time, from everything I have read they are involved from the top down, or bottom up, whichever you prefer...
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post #2 of 4 (permalink) Old 10-16-2014, 07:12 PM
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well then, time to look into expanding my investment portfolio, panasonic is where my dollars should be.



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post #3 of 4 (permalink) Old 10-22-2014, 04:26 PM
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Its a huge amount of money to invest in something/anything. They must be pretty sure of the factory's success to put that much money into it. I guess as long as the demand is there it should be good.
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post #4 of 4 (permalink) Old 10-22-2014, 05:05 PM
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Hopefully it all goes well for them and doesn't backfire and result in a big loss for them.



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