Tesla Motors (TSLA) Delivers First Model S Units in Japan

Tesla (Nasdaq: TSLA) is on watch Monday as the auto company begins deliveries of its Model S sedans to customers in Japan.

Speaking during a press conference on Monday, Musk noted An important point that I should emphasize about the Model S is that the batteries are all made in Japan ... the heart of Model S is Japanese. I think that’s a pretty cool thing.

Tesla and Panasonic recently partnered on the upcoming Gigafactory battery factory. It's expected that Panasonic will pitch in about 30 to 40 percent of the total cost, with Tesla covering the rest.

Nine Model S units were delivered Monday, one to Panasonic EVP Yoshi Yamada. Shares of Tesla are indicated higher in early trading.

Handing over the first Tesla Model S cars in Japan pic.twitter.com/58fzUJBjVs

— Elon Musk (@elonmusk) September 8, 2014

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