Panasonic Invests $100M to Boost Tesla Gigafactory Production
Tesla’s battery production efforts have received a $100 million investment from Panasonic, according to a report from Nikkei, a a news outlet based in Japan. Proceeds will be used to expand Tesla’s Gigafactory located in Sparks, Nevada. The report said Panasonic will add another line, bringing the total to 14 and will increase capacity by 10%…