Tesla, Panasonic Friends And Foes At Same Time

Tesla, Panasonic Friends And Foes At Same Time
Blomst / Pixabay

Tesla and Panasonic are “frenemies” professionally, as the EV firm is working closely with Panasonic for manufacturing battery cells for its high-end electric cars. But as a recent Bloomberg profile hints, the companies can be rivals in the energy storage business.

Panasonic and Tesla

Panasonic not only makes cells for the Tesla Model S but also owns a small stake in the automaker. The firm is also helping Tesla with its massive Nevada gigafactory by providing funds. Once the factory reaches completion, it will head the cell-fabrication operations there.

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