Gigafactory Investment Negatively Affected Panasonic’s Q3 2018 Results

By Mark Kane Panasonic invested $1.6 billion into the Gigafactory
The latest investment in the Tesla Gigafactory production lines highly affected Panasonic’s financial results in the third quarter.
Despite overall revenues slightly increasing, the operating profit decreased by 15% to 95.2 billion JPY ($840 million) and net profits decreased by 20% to 56.2 billion JPY …read more

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