Panasonic to build huge U.S. battery plant to supply Tesla

.

  • Panasonic (OTCPK:PCRFY) plans to build a multi-billion dollar factory in the U.S. to supply Tesla (NASDAQ:TSLA) with lithium-ion batteries, Japan's NHK reports.
  • The Japanese company is looking at sites in Oklahoma and Kansas to build the plant because of their proximity to Texas, where Tesla is preparing a new electric vehicle plant, according to the report.
  • Panasonic, a longtime supplier for Tesla, already has unveiled plans to begin mass-producing a new type of lithium-ion battery for the automaker by March 2024 with two new production lines at its Japanese plant in Wakayama.

    Over the current book year the company from Palo Alto could achieve a revenue around 86.96 billion USD (consensus estimates). This is quite more than 2021's revenue of 53.82 billion USD.

    Historical revenues and results Tesla plus estimates 2021

    fundamenteel onderzoek

    The analysts expect for 2021 a net profit of 13.89 billion USD. For this year the majority of the analysts, consulted by press agency Thomson Reuters, expects a profit per share of 12.32 USD. So the price/earnings-ratio equals an extreme 73.29.

    Analysts don't expect the company to pay a dividend. The average dividend yield of the automobile producers equals a relatively high 2.78 percent.

    Most recent target prices around 619 USD

    The most recent recommendations for the automobile producer are from JP Morgan, ABN AMRO and RBC Capital Markets.

    Tesla's market capitalization is based on the number of outstanding shares around 866.82 billion USD. 32

    At 16.45 the stock trades 0.15 percent lower at 902.94 USD.

    Price data Tesla 2007-2021

    equity research tesla

    ValueSpectrum.com News Wire & Equity Research: +31 084-0032-842
    news@valuespectrum.com

    Copyright analist.nl B.V.
    All rights reserved. Any redistribution, duplication or archiving prohibited. analist.nl doesn't warrant the accuracy of any News Content provided and shall not be liable for any errors, inaccuracies or for any actions taken in reliance thereon.