Panasonic sells its $3.6B Tesla stake

#1

Post by sammyaxe » Fri, Jun 25, 2021, 4:08 PM UTC

Panasonic sells its $3.6B Tesla stake
finbold.com

Re: Panasonic sells its $3.6B Tesla stake

#2

Post by sschueller » Fri, Jun 25, 2021, 4:18 PM UTC

Yet the stock is still going up.

Re: Panasonic sells its $3.6B Tesla stake

#3

Post by FartyMcFarter » Fri, Jun 25, 2021, 4:21 PM UTC

It seems like a smart decision once you look at car companies' market caps:

Tesla: $651 B

Toyota: $288 B

Volkswagen: $152 B

Daimler / Mercedes: $99 B

Ford: $60 B

Re: Panasonic sells its $3.6B Tesla stake

#4

Post by paulpauper » Fri, Jun 25, 2021, 4:22 PM UTC

sschueller wrote: post #2

Yet the stock is still going up.

because $3 billion is tiny compared to Tesla's size

Re: Panasonic sells its $3.6B Tesla stake

#5

Post by TX0098812 » Fri, Jun 25, 2021, 4:23 PM UTC

paulpauper wrote: post #4

sschueller wrote: post #2

Yet the stock is still going up.

because $3 billion is tiny compared to Tesla's size

Would you like to elaborate?

Re: Panasonic sells its $3.6B Tesla stake

#6

Post by paulpauper » Fri, Jun 25, 2021, 4:23 PM UTC

FartyMcFarter wrote: post #3

It seems like a smart decision once you look at car companies' market caps: Tesla: $651 B Toyota: $288 B Volkswagen: $152 B Daimler / Mercedes: $99 B Ford: $60 B

People said this 3 years ago too, arguing Tesla was too big. guess what: it got way bigger. Tesla is forcing other brands to have to adapt or die. They are way behind Tesla in technology, infrastructure, and marketshare for electric vehicle and battery tech.

Re: Panasonic sells its $3.6B Tesla stake

#7

Post by Spooks » Fri, Jun 25, 2021, 4:24 PM UTC

"The Japanese firm paid $21.15 per share for around 1.4 million shares"

That is some decent profit

Re: Panasonic sells its $3.6B Tesla stake

#8

Post by 988747 » Fri, Jun 25, 2021, 4:24 PM UTC

TX0098812 wrote: post #5

paulpauper wrote: post #4

Earlier quoted context omitted.

because $3 billion is tiny compared to Tesla's size

Would you like to elaborate?

Total market valuation of Tesla is over $600B, so $3.6B is 0.6% of it.

Re: Panasonic sells its $3.6B Tesla stake

#9

Post by FabHK » Fri, Jun 25, 2021, 4:25 PM UTC

> Panasonic’s share price increased 4.53% in the morning session after Nikkei reported the stock sale.

Re: Panasonic sells its $3.6B Tesla stake

#10

Post by codeulike » Fri, Jun 25, 2021, 4:25 PM UTC

.... making almost $3B in profit.

edit: in perpective - they owned about 0.55% of Tesla. Selling their share nets Panasonic a windfall thats worth about 10% of their own $27.7B market cap.