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Samsung shares take Rs 3,870 crore hit after Elon Musk’s tweet
Meanwhile, Panasonic shares surged by Rs 5,338 crore. Such is the power of a single tweet
Recent rumors suggested that Samsung was going to provide the battery pack for the Tesla Model 3. However, they were all put to an end after a tweet from Elon Musk effectively making things very clear. The significance of this tweet, however, is in its aftermath " Samsung’s shares went down by Rs 3,870 crore, while Panasonic’s shot up by 3 per cent or Rs 5,338 crore.
S and X cells are also Panasonic " Elon Musk (@elonmusk)
First Published:Jun 10, 2016, 11:49:54 IST
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Tesla's Cybercab to feature built-in Starlink antenna, bringing satellite internet to robotaxis
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As Nissan expands its line-up from one model to four, the carmaker is betting on affordable SUVs, exports and ICE volumes before making its EV play
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