The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Tesla and Panasonic were expected to set up a new factory together in China, where they would make cars and lithium ion battery cells under one roof. They have an arrangement like this in the U.S. already at the Tesla Gigafactory 1 in Sparks, Nevada.
Panasonic CEO Kazuhiro Tsuga acknowledged on an earnings call Thursday: "Tesla could in the future launch full-fledged production in China, and we could produce jointly."
However, un-named Panasonic executives painted a different picture, according to Nikkei Asian Review, telling the outlet that plans were "not solidified yet" and "nothing is set in stone." Tesla's delays in making previously expressed production targets for the Model 3 cut about 20 billion yen (about $183 million) from Panasonic's operating profit for the fiscal year ended March 31, the report says. Anonymous Panasonic execs also expressed concern to Nikkei at the way Elon Musk treated Wall Street analysts in a recent earnings call.
When Panasonic became the exclusive supplier of battery cells for Tesla's Model S, Model X and Model 3 electric vehicles, their partnership was seen as a triumph over competitors such as Contemporary Amperex Technology in China and LG in South Korea.
Some other industrial suppliers, including Bosch, have dropped out of the EV battery-production game altogether since Panasonic and Telsa first partnered up on the Gigafactory in 2014. And Panasonic is now working with Toyota to jointly develop batteries for EVs as well.
Model 3 battery and vehicle production problems have plagued Tesla over the past year.
Tesla declined to comment on its relationship and plans with Panasonic. Panasonic could not be immediately reached for comment.