Like Tesla? You'll Love Panasonic

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About: Panasonic Corporation (PCRFY), Includes: TM, TSLA
by: Ranjit Thomas, CFA
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Summary

Tesla’s battery technology is considered the best in the business. Panasonic makes the cells and trades at 12x PE vs. 200x for Tesla.

The company is exposed to the continuing adoption of electric vehicles with its Tesla and Toyota partnerships.

Its other business lines should do well as the global economy recovers.

Introduction

Tesla (NASDAQ:TSLA) has a good product, but its stock has run up too far considering its limited profitability. Are there other companies leveraged to the same trends that trade at a more