Shares of Japan`s Panasonic Corp fell 6 percent early on Wednesday after the United States began a federal field investigation into last week`s fatal crash and vehicle fire of major battery customer Tesla Inc
Panasonic produces lithium-ion batteries for Tesla in a joint venture with the California-based electric car maker. News of the federal investigation had sent Tesla`s shares tumbling more than 8 percent on Tuesday to close at the lowest level in almost a year.
In last week`s accident near Mountain View, California, the lithium batteries of the Tesla Model X caught fire, and emergency officials consulted company engineers before determining how to extinguish the battery fire and move the vehicle safely.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)