Form EFFECT TESLA MOTORS INC

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Tesla (TSLA), Panasonic Enter PV Cells, Modules Manufacturing Agreement

October 17, 2016 6:08 AM EDT

Tesla (NASDAQ: TSLA) and Panasonic have entered into a non-binding letter of intent under which they will begin collaborating on the manufacturing and production of photovoltaic (PV) cells and modules in Buffalo, New York. Under this agreement, which is contingent upon shareholders' approval of Teslas acquisition of SolarCity, Tesla will use the cells and modules in a solar energy system that will work seamlessly... More