Panasonic (PCRFY) plans to cut domestic electric battery production by 60% amid slower than expected sales of some models to key client Tesla (TSLA), Nikkei Asia’s Ryohtaroh Satoh reports. Shares of Tesla dropped up to 5% on Monday following the report.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on TSLA: