Panasonic to exit solar production at Tesla's New York plant as partnership frays

Panasonic Corp said it would exit solar cell production at Tesla Inc&#0...

Panasonic said it would continue its automotive battery joint venture with Tesla in the U.S. state of Nevada, which just reported its first quarterly profit after years of production problems and delays.

When announcing the solar partnership in 2016, Panasonic said it would invest over 30 billion yen in the Buffalo plant. Tesla’s long-term purchase commitment was part of the deal.

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