Panasonic sells its $3.6B Tesla stake

Re:Panasonic sells its $3.6B Tesla stake by sschueller on Friday June 25, 2021 @12:18PM (#27632737)

Yet the stock is still going up.

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Re:Panasonic sells its $3.6B Tesla stake by jamestenglish on Friday June 25, 2021 @12:34PM (#27633023)

Buried beneath the sensational headline is the fact that Panasonic has been slowly divesting over the past year. They did not just "dump" the stock today, they simply reported that they had finished selling all their shares today.

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Re:Panasonic sells its $3.6B Tesla stake by paulpauper on Friday June 25, 2021 @12:22PM (#27632806)

because $3 billion is tiny compared to Tesla's size

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Re:Panasonic sells its $3.6B Tesla stake by TX0098812 on Friday June 25, 2021 @12:23PM (#27632825)

Would you like to elaborate?

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Re:Panasonic sells its $3.6B Tesla stake by 988747 on Friday June 25, 2021 @12:24PM (#27632842)

Total market valuation of Tesla is over $600B, so $3.6B is 0.6% of it.

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