February 4, 2020 / 12:20 AM / 2 months ago

Panasonic shares soar on profit at U.S. battery business with Tesla

TOKYO, Feb 4 (Reuters) - Shares of Panasonic Corp jumped more than 8% in early Tuesday trade after the Japanese electronics conglomerate the previous day reported its first quarterly profit at its U.S. battery venture with Tesla Inc .

Tesla stock also surged on the news as well as on a bullish investor report. Shares in Elon Musk’s electric-car company zoomed 20% higher on Monday in its largest one-day gain since 2013. (Reporting by Chris Gallagher; Editing by Kim Coghill)

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