Panasonic predicts it'll profit selling batteries to Tesla in 2021

Panasonic predicts it'll profit selling batteries to Tesla in 2021
The companies' decades-old partnership is expected to finally benefit the tech giant in a big way for the next fiscal year
by
Tim Kelly
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Assembly workers put together a Tesla Model S at the Tesla factory in Fremont, Calif., Friday, June 22, 2012.  Paul Sakuma / Associated Press
Panasonic said on Tuesday it expects its battery business supplying Tesla to be profitable this fiscal year, and raised its full-year operating profit forecast by more than half.
After several years of production troubles and delays at Tesla, Panasonic is beginning to see its decade-old partnership with the U.S. company become a profit driver.

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