Panasonic moves Tesla shares over to U.S. unit

• Panasonic (OTCPK:PCRFY, OTCPK:PCRFF) transferred all of its holdings in Tesla (TSLA -4.5%) to its U.S. unit in a strategy designed to help strengthen its battery relationship with the company.
• The transfer involved about 1.42M shares moving over to New Jersey-based Panasonic Corporation of North America, according to Bloomberg.
• Previously: Goldman Sachs not buying the Tesla story (Feb. 27)