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Benzinga – Actionable Trading Ideas, Real Time News, Financial Insight

You can chalk it up to coincidence if you like, but it’s still interesting that wordTesla Motors (NASDAQ: TSLA) was shopping around for a new company to produce batteries for its electric cars happened to surface the same week as a video of one of its Model S sedans catching fire.

That video apparently contributed to Tesla share prices tumbling last week – and raised new concerns regarding the safety of lithium ion batteries.

Late last week, Reuters confirmed that Tesla and Samsung SDI – a division ofSamsung Electronics (OTC: SSNLF) – were in talks regarding the South Korean company’s supplying battery technology to California-based Tesla.

In 2011 Tesla finalized a supply agreement with Japan’s Panasonic Corporation (OTC: PCRFY) , making it the primary source of “automotive grade” lithium ion battery cells for the Model S. And a year earlier, Panasonic invested $30 million in Tesla, to reportedly“deepen the partnership and foster growth of the electric car industry.”

More http://m.benzinga.com/article/3984263

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