Home News Panasonic - Plasma TVs now electric cars

Panasonic – Plasma TVs now electric cars

Panasonic makes all kinds of electronics, from plasma HDTVs to digital cameras and microwave ovens. Now Panasonic will get into the car business, investing $30 million in Tesla Motors Inc., a Palo Alto, California-based company that designs and manufactures electric vehicles.

By purchasing Tesla stock at $21.15 per share, Panasonic will own about a 2-percent share in the company. The companies will partner on developing and selling battery packs for electronic cars. (Panasonic already makes batteries for Tesla.)

Tesla currently has only one electric car on the road — the Tesla Roadster which gets about 200 miles on one charge but is pricey at $109,000.

Tesla Motors was given $465 million in low-interest loans from the US government in 2009 to help develop the Model S electric-powered sedan capable of driving up to 300 miles on one charge. The car is scheduled to be delivered to customers in 2012. The Model S is expected to sell for US$57,400 (or US$49,900 after a $7,500 US federal tax credit).

LEAVE A REPLY

Please enter your comment!
Please enter your name here

4k TV Deals

Hot Pre-orders!

The Lord of the Rings: The Motion Picture Trilogy 4k Blu-ray
The Hobbit: Motion Picture Trilogy 4k Blu-ray

1-Month Free!

Hot Blu-rays!

New Articles

New 4k Blu-ray: Blade, The Lord of the Rings Trilogy, The Hobbit Trilogy & more!

The first of December marks the biggest 4k release date of the year with about 30 Ultra HD Blu-ray editions hitting stores. Many of...

New Blu-ray & Digital Releases Tuesday, Dec. 1st

This week is huge for 4k Blu-ray with The Lord of the Rings: The Motion Picture Trilogy and The Hobbit: The Motion Picture Trilogy among...

‘Crouching Tiger, Hidden Dragon’ releasing to Limited Edition 4k Blu-ray SteelBook

Ang Lee's ground-breaking film Crouching Tiger, Hidden Dragon (2000) is releasing to a Limited Edition Ultra HD Blu-ray SteelBook on Dec. 1, 2020. The 4k/HDR presentation (first...

Ip Man The Complete Collection presents all 4 films on 4k Ultra HD Blu-ray

Ip Man: The Complete Collection is releasing to 4k Ultra HD Blu-ray boxed set on December 15, 2020. The 8-disc collection from Well Go...

Support Us!