25.10.2014 05:56:16
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Toyota Confirms Sale Of Tesla Shares: Media Reports
(RTTNews) - Japanese car maker Toyota Motor Corp. (TM) confirmed that it sold some of its shares in Tesla Motors Inc. (TSLA), said media reports on Friday. However, the details about the size or timing of the sale was not revealed.
Reports said the sale was a result of Toyota's regular review of investments and that the company might continue to work with Tesla on future projects.
According to Reuters, Toyota had invested $50 million in the Palo Alto-based company, back in May 2010.
A few days back, German auto maker Daimler AG had announced the sale of its entire 4 percent stake in Tesla.
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Aktien in diesem Artikel
Tesla | 316,70 | -0,41% |
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Toyota Motor Corp. (spons. ADRs) | 170,00 | 2,41% |
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