Panasonic Has Been a Tesla Play and Vaccine Bet. Now the Stock’s Rising on Cold Storage.
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For Japanese investors, Tesla Inc. battery supplier Panasonic Corp. was long a proxy for Elon Musk’s firm, at least before the automaker’s gravity-defying surge in 2020.
Now, Panasonic is being bought on a new theme -- the cold-storage chain needed to supply the world with coronavirus vaccines.