Tesla's Stock Gets a Charge

Tesla's stock is on the move again as the company announced its plans to develop a state of the art battery plant coined by Elon Musk as  a "gigafactory". On Tuesday, shares hit an all-time high trading price of $259.20 after Morgan Stanley raised its target price for the stock to $320 a share from $153. Enter Panasonic, who is interested in investing $ 1 Billion into the Tesla battery plant. 
While many observers have focused on this as a car battery supplier plant, it may impact battery production in other segments. The lithium-ion batteries produced at this plant could be used in a wide-array of applications including  - solar energy storage, military drones or kids toys. Based on what Elon has said,  “We are talking about something that is comparable to all of the lithium-ion battery production in the world in one factory,” .