Spokespeople from both Tesla and Panasonic have claimed that the partnership will help Tesla meet their cost and margin targets for the production of their new Model S, which is Tesla’s most affordable car (starting at the low, low price of $57,400!). In return, Tesla has made Panasonic the exclusive provider of all lithium-ion batteries for Tesla cars. Panasonic hopes to provide the longest lasting battery for an electric vehicle which should, in turn, help Tesla grab a larger market share of electric vehicle buyers.
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