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Panasonic to help Tesla build battery 'Gigafactory'

Lucas Mearian | Aug. 4, 2014
Panasonic has penned a deal with Tesla Motors to help build the electric-car startup's "Gigafactory," which it hopes will produce half a million electric-vehicle batteries per year.

Tesla's quest to disrupt the trillion-dollar auto industry also opens up an equally profitable opportunity to gain from the electric utility industry, according to Morgan Stanley analyst Adam Jonas.

"If it can be a leader in commercializing battery packs, investors may never look at Tesla the same way again," Jonas said in a briefing. "We reflect the potential for lower battery costs through higher sales volume nearly doubling Tesla's share of the global car market."

Jonas also predicted that the combined sales of all Tesla models will exceed 1.1 million units annually by 2028.

 

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