- Toyota (NYSE:TM) is now the next automaker to sell a stake in Tesla (NASDAQ:TSLA), although it did not disclose the timing or amount of the sale.
- Daimler unloaded its remaining 4% stake in the electric car earlier in the week for $780M.
- Toyota invested $50M in Tesla in May 2010 (giving it a 2.5% stake at the time), ahead of the company's IPO in June that year.
Toyota next to sell Tesla shares
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Symbol | Last Price | % Chg |
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TM | - | - |
Toyota Motor Corporation |