UPDATE 1-Panasonic to be supplier for Tesla Model S

Newswire

Oct 11 (Reuters) - Panasonic Corp will supply the lithium-ion battery cells for the first sedan made by Tesla Motors , the companies said on Tuesday. Panasonic is to supply enough cells for 80,000 Tesla Model S vehicles over the next four years, including meeting Tesla's need for 6,000 preorders in 2012, the companies said. "This supply agreement helps ensure Tesla will meet its costs and margin targets for Model S," said a statement from Panasonic and Tesla. Panasonic has supplied ...

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