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Toyota has sold all its shares in Tesla

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MindPro    0

Toyota ends six-year shareholding with Tesla Motors.



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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