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Panasonic Corp., which jointly owns a battery factory with Tesla Inc., has sold the entirety of its stake in the electric vehicle maker for around ¥400 billion ($3.6 billion).

The Japanese company held some $730 million of Tesla shares as of March last year, and that stake had been reduced to zero by the end of this March, Panasonic disclosed in a filing Friday. Tesla’s stock appreciated more than fivefold over the 12-month period.

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