Tesla Motors today announced it has secured a deal to get lithium-ion cells from Japan's Panasonic for its upcoming Model S sedan, a move Tesla says will allow it to keep its sedan priced as promised.
Tesla Motors is about to get another stakeholder partner. Reuters is reporting today that Panasonic, which is already working with Tesla to provide lithium-ion cells for the Model S, will invest in the California automaker. Citing the Nikkei business daily, Reuters says Panasonic, "aims to work with Tesla to develop battery systems for next-generation EVs." An official statement on the tie-up could come tomorrow.