Panasonic sells their Tesla shares...

Over two years ago I posted about owning Panasonic. Thanks for crediting me for being a pumper!! I think it's funny!!! Still laughing!! Here is one of my posts in 2019...Very boring guy here.

I do not own a Tesla or Tesla stock...I do not have any options for or against it. But the one thing I do own is some stock in Panasonic. I have felt the gigafactory in NV was a wise move for Panasonic. Yeah, other companies are getting into the battery storage program. But, when I hear people are using batteries from totaled Tesla cars for home use, it seems there is something there. These people are happy with their set up. And yes, I would like to know what is stored in all those truck trailers on the NV site?? Just wondering on the joint venture, who owns what in the NV battery site? If someone could post something. Who owns the technology, who owns the factory, can the factory be reused for other purposes?? If it is only at 30% of capacity, could there be other uses for it...Solar/wind storage for home and business use? Thoughts...

#2127 Apr 12, 2019
 
Cabin111 said:
Over two years ago I posted about owning Panasonic. Thanks for crediting me for being a pumper!! I think it's funny!!! Still laughing!! Here is one of my posts in 2019...Very boring guy here.
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And somehow you decided to "revive" your fascinating Tesla/Panasonic story today, for some reason.

Right.

Thanks for sharing anyway.
 
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Cabin111 said:
I get this picture of the SEC breaking down my doors...Grabbing my computer!!! Believe what you want...Still laughing...
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Relax Cabin111, maybe you are a good guy after all, as far as trading is concerned, who knows?

And in that case. I sincerely apologize, no hard feeling I hope.

Bye for now.
 
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Tradex said:
so that you whales
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Open minded idea, but, wouldn't whales work harder on fomo side, since they did not mention the split, as if it never happened.

Cabin111 said:
Panasonic bought 1.4 million Tesla shares at $21.15 each in 2010, for about 2.4 billion yen ($21.65 million). The stock is now worth $679.82 apiece.
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But then again, wrapping it up under the shade of ,,incompetence'' would be a great way to trick.
And ofcourse people & me including, forget simple details like that all the time.

Oghhh. Whatever :rolleyes:
 
TSLA fanboys are like a cult. I'm a believer in TSLA and long but the level of religious adulation for TSLA by the fan boys is too much. The Australian guy with the cap on YouTube. I had to stop watching after a while. Too much good "news" about Tesla every other day.
 
Cabin111 said:
I've owned Panasonic stock over the years. Never could pull the trigger on Tesla. I wonder if the reason they sold their shares was so they could go into joint ventures with other car companies on batteries??


Thu, June 24, 2021, 4:27 PM
TOKYO (Reuters) -Japan's Panasonic Corp sold all of its stake in Tesla Inc last fiscal year which helped it earn billions of dollars in proceeds to fund new investments, the Nikkei business daily reported on Friday.

Panasonic bought 1.4 million Tesla shares at $21.15 each in 2010, for about 2.4 billion yen ($21.65 million). The stock is now worth $679.82 apiece.

The windfall likely accounts for much of the 429.9 billion yen in "proceeds from sale and redemption of investments" in Panasonic's cash flow statement for the fiscal year that ended in March, the Nikkei said. In the prior year, that figure was 49.13 billion yen.
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Poorly written article. stock closer to 3000. There was a split (like 1 to 5 or something)
 
newwurldmn said:
Poorly written article. stock closer to 3000. There was a split (like 1 to 5 or something)
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Exactly. Due to the 5 for 1 stock split Panasonic bought 7 million shares at $4.23 in 2010. The indicative proceeds from sales (430 billion yen) mean shares were sold in 2020 at around $555.
 
betcashrun said:
Exactly. Due to the 5 for 1 stock split Panasonic bought 7 million shares at $4.23 in 2010. The indicative proceeds from sales (430 billion yen) mean shares were sold in 2020 at around $555.
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so 27mm turns into 4bn (I didn’t look at the usdyen).

plus I’m sure they got access to all sorts of technology.

What a terrible investment!
 
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