Toyota Sells Between Zero and All of Its Tesla Shares

Craig Cole
by Craig Cole

The other day Daimler divested itself from Tesla and now Toyota has followed suit … sort of.

Mercedes-Benz dropped its nearly 4 percent stake in the California-based electric-vehicle builder but the Capital T didn’t do anything that drastic. It sold “some” of its shares in the company. Toyota invested $50 million in Tesla back in May of 2010. That outlay gave it about 2.5 percent of the firm.

SEE ALSO: 2012 Toyota RAV4 EV Review

Right now Toyota has not disclosed how much Tesla stock it has jettisoned, so it could be anywhere between zero and all of it. The company is continuing to study potential ways of cooperating in the future.

Right now Tesla provides motors and battery packs to Toyota for their all-electric RAV4 crossover but this partnership is scheduled to end at the close of the year. This vehicle landed on the market in 2012 and to date Toyota has only sold around 2,000 RAV4 EVs.

GALLERY: 2013 Toyota RAV4

[Source: Automotive News]

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Craig Cole
Craig Cole

Born and raised in metro Detroit, Craig was steeped in mechanics from childhood. He feels as much at home with a wrench or welding gun in his hand as he does behind the wheel or in front of a camera. Putting his Bachelor's Degree in Journalism to good use, he's always pumping out videos, reviews, and features for When the workday is over, he can be found out driving his fully restored 1936 Ford V8 sedan. Craig has covered the automotive industry full time for more than 10 years and is a member of the Automotive Press Association (APA) and Midwest Automotive Media Association (MAMA).

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