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Toyota next to sell Tesla shares

Oct. 24, 2014 1:52 AM ETToyota Motor Corporation (TM) StockTM, TSLABy: Yoel Minkoff, SA News Editor23 Comments
  • 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.

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