Electronic Conglomerate Panasonic Corporation (OTCMKTS: PCRFY) Sells Its Tesla Inc (NASDAQ: TSLA) Stake For Whopping $3.6 billion

Electronic giant Panasonic Corporation (OTCMKTS: PCRFY) has gone on record to confirm that the company has sold its stake in electric car maker Tesla Inc (NASDAQ: TSLA). The deal was sealed for about 400 billion yen which equals $3.61 billion, in March 2010. This news was confirmed courtesy of a spokesperson on behalf of the […]

Tough Times for Tesla Inc (NASDAQ: TSLA) After China Suspects Intelligent Cars’ Spying

Tesla Inc (NASDAQ: TSLA) gets cornered yet again in China over spying suspicion. China wants to review its car data regulations to maintain collected data in the country purposefully. Rumors indicate that Tesla is becoming malicious in using the cameras in its vehicles to collect data for spying.  China’s moves China considered the draft regulation […]