Toyota no longer an investor in Tesla

|About: Toyota Motor Corporation (TM)|By:, SA News Editor

Toyota (NYSE:TM) discloses that it sold its remaining stake in Tesla (NASDAQ:TSLA) sometime last year to end an investment in the EV seller that dates back to 2010.

The Japanese automaker still held 2.3M shares as of March 2016, a position valued at close to $480M at the time.

The long-term plan from Toyota, a long time leader in the hybrid segment, includes developing all-electric models, exploring autonomous technology and continuing to invest in fuel cell initiatives.

Subscribe for full text news in your inbox