REPORT: Tesla Signs Deal With Panasonic On Gigafactory
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Tesla Motors
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The deal is worth between $194-$291 million. Overall investment in the project could climb to $5 billion, with Panasonic share climbing to $1 billion, Nikkei says.
A Tesla representative declined to comment on the report.
Tesla was up more than 2% Monday.
Tesla is hoping to begin construction on its first Gigafactory later this year. The company wants to double the world's supply of lithium ion batteries by 2020.
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