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MindPro

Toyota has sold all its shares in Tesla

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Toyota ends six-year shareholding with Tesla Motors.

tesla-toyota.thumb.jpg.6bed1ecca6d81408ae05ea7f1ec62410.jpg

 

Toyota revealed it had sold its entire stake in Tesla, as the two car makers abandoned plans to jointly develop electric cars. Japan’s biggest car maker bought a 3% stake in Tesla Motors for $50 million (£39m) in May 2010. It is believed to have made around 10 times that - £373m - by selling its remaining shares late last year.

 

Source news: CarMagazine

 

Edited by MindPro
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