The Panasonic stock is in the Tank even though Elon stated they would be the only supplier for Model 3 batteries. Income is flat, cashflow looks good. Anyone done a through poking at the stock? It's rated as an AVOID but so is TSLA.
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I have been in and out of Panasonic without gain. They were sold off with sovereign fund liquidation and rise of Japanese yen. They are a very solid company with a strong CEO, who has refocused Panasonic from consumer electronics to business to business sales in auto, home and airplane electronics. The battery business is still a small percent of their total, but will increase dramatically with Tesla sales. They are also selling solar panels and energy storage products (on their own). A good long term hold for a patient investor (2 % dividend).
How can it gain when tsla is being dragged at a slower rate. Looking at the performance of stock, I dont think it will gain momentum until the driverless issue is resolved. Many analysts are also downgrading the tsla stock due to this, but just to be hopeful with Elon after the solarcity takeover, the company can blossom if it can complete the manufacturing of model in time for it to gain momentum on Wall St.
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