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It’s official: The Tesla, Panasonic massive battery factory deal is done

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Tesla factor floor, image courtesy of Tesla.
Tesla factor floor, image courtesy of Tesla.

In advance of Tesla’s earnings this afternoon, the electric car maker announced this morning that its deal with Japanese battery giant Panasonic is officially a go. Panasonic will invest in the battery-making equipment and occupy about half of the space, while Tesla will fund and manage the land, building and utilities and, along with other vendors, will occupy the other half of the building. Nikkei reported the news earlier this week, as well as more details on the financing. Tune in for Tesla’s earnings later this afternoon, and check out what I’m looking for from them.