Here's an older article that clarifies some of the issues:
Panasonic has lowered its forecast for the 2018/19 fiscal year, which ends in March, following a decline in profits over the winter. However, the Energy division, which also includes the battery business with Tesla, recorded its first operating profit in three quarters at 131 million euros.
The Japanese company cites the trade dispute between the USA and China as the reason for the lowered forecast, which caused demand for automotive components and factory equipment, among other things, to fall.
Panasonic has lowered its forecast for the 2018/19 fiscal year, which ends in March, following a decline in profits over the winter. However, the Energy division, which also includes the battery business with Tesla, recorded its first operating profit in three quarters at 131 million euros.
The Japanese company cites the trade dispute between the USA and China as the reason for the lowered forecast, which caused demand for automotive components and factory equipment, among other things, to fall.
https://www.electrive.com/2019/02/05/tesla-saves-panasonics-...