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Toyota follows Daimler and partly discards Tesla stock


Tesla Motors, the California-based electric automaker that seemed ready to overthrow the auto industry, has received another vote of no confidence, with Toyota divesting some of the shares it owns in the US carmaker. The move, revealed today by the largest automaker in the world, follows closely the one made by Daimler – the parent company of Mercedes-Benz – which sold ...
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More Tesla articles

Daimler sale of Tesla shares could be due to growing rivalry
Daimler AG, the parent company of luxury automaker Mercedes-Benz, surprised the industry when it announced the decision to divest the investment in Tesla, fueling speculations the two companies see each ...
Daimler surprisingly offloads Tesla stake
The German automaker, the parent company of the world’s third-largest premium carmaker – Mercedes-Benz – has surprised analysts and investors by selling its 4% stake in California-based electric maker Tesla. Daimler ...
US: Tesla gets sales ban in Michigan
The state, home to the three biggest US automakers, has enforced a law that banns Tesla’s direct sales practice, the fifth state in America to do so, in the latest ...
China: Tesla is selling the Model S through Alibaba
Following its usual incentive of doing business differently, California based electric automaker Tesla has announced it started selling cars online in China, through Alibaba Group Holding Ltd.’s Tmall.com service. This time ...
US: Tesla talking to suppliers to support ban fight
Michigan, the state where the US motoring capital Detroit resides, has seen its legislature change a few words in the law to protect the franchised dealers and ban Tesla’s direct ...
Tesla’s investors ready to rethink strategy
The California-based electric automaker ran a very successful initial public offering back in 2010 and investors have been passionate about Tesla’s stock, securing tree digit percentage rises more akin to ...
US: Tesla could give in and adopt franchised dealers
Automakers in the United States, unlike other parts of the world, don’t have in-house showrooms, instead relying on a traditional franchised dealers approach. There’s one notable exception though: Tesla. The California-based ...
US: Tesla could be banned from selling vehicles in Michigan
Here’s an odd turn of events in the ongoing turf war between the California-based electric automaker and the US dealers – the Model S could get a sales interdiction in ...
[VIDEO] Tesla Model S P85D – videos added
The first videos with the recently unveiled Tesla Model S P85D have been recently released by the company. Officially unveiled just a few days ago, the brand new Tesla Model S ...



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Toyota follows Daimler and partly discards Tesla stock
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