Tesla and Panasonic entered into a “non-binding letter of intent,” which is a very formal way of saying “an informal partnership,” to build photovoltaic cells and modules — the stuff that makes up solar panels — in Buffalo, New York. Panasonic will build the cells and modules in Buffalo, and Tesla will provide a long-term purchase commitment for those parts.
This isn’t the first time Tesla and Panasonic have teamed up to accomplish goals in the energy sector. Both companies have invested in the Gigafactory, the massive Tesla plant in Nevada that, when fully operational, will supply Tesla with a steady flow of lithium-ion batteries for its electric cars. It will also vastly expand the availability of those batteries in general.
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