[Update] Tesla 4680 Cells Possibly "DOA" & Recent Price Action Among Auto Stocks
Tesla asked Panasonic to mass-produce its 4680 cells but has yet to order any due to the Cybertruck's weak sales. Panasonic is once again a big Tesla bag holder.
Panasonic is once again a Tesla “Battery Cell Bag Holder”: In Panasonic’s FY2024 (ending in March 2025) presentation package from May 9th, they imply that they’re still waiting for Tesla to give the “okay” to ship 4680 cells from its modified production line in Wakayama, Japan.
Panasonic announced in September 2024 that it had completed the fine-tuning of the Wakayama plant to mass-produce 4680 cells for Tesla (Page 29 in their September 2024 quarterly earnings presentation, link here) and Reuters reported that Panasonic had even staffed the lines with 400 people. (article here).
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