Tesla up 17% after Panasonic posts 1st quarterly profit at battery business

TOKYO/SAN FRANCISCO (Reuters) - Tesla Inc's stock surged 17% on Monday, taking its rise since early June to over 300%, fuelled by a quarterly profit at Panasonic's battery business with the U.S. car maker and an investor report predicting its shares would rise more than ten-fold by 2024.Shares of Tesla have rallied over 30% since the car maker run by Chief Executive Elon Musk posted its second consecutive quarterly profit last Wednesday, which was viewed as a milestone for the company competing..