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Toyota Says It Sold Entire Stake in Tesla in 2016
http://www.myrav4ev.com/forum/viewtopic.php?f=2&t=2063
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Author:  fromport [ Sun Jun 04, 2017 6:05 am ]
Post subject:  Toyota Says It Sold Entire Stake in Tesla in 2016

Toyota held 1.43% stake in Tesla in July 2016
Toyota spokeswoman says all Tesla collaboration has ended

Quote:
In 2010, Toyota acquired a $50 million stake in Tesla as automakers were competing to introduce less-polluting vehicles in the U.S. and sold a shuttered California factory to Tesla for $42 million. The two companies then started to jointly develop RAV4 electric vehicles in Canada in 2011 and later sold about 2,500 units over three years amid culture clashes and recalls.


Full article:

https://www.bloomberg.com/news/articles/2017-06-03/toyota-says-sold-entire-holdings-in-tesla-in-2016

Author:  co2112 [ Mon Jun 05, 2017 5:26 pm ]
Post subject:  Re: Toyota Says It Sold Entire Stake in Tesla in 2016

I'd say they got a nice return on investment. IPO price being $17, Toyota probably got a lower price by doing the deal before the IPO at around $8-$12 per share. Still hurting over this one. I raised $20k at the time the stock went public but was unable to acquire any on opening day.

Author:  KentKin [ Thu Jun 15, 2017 8:51 am ]
Post subject:  Re: Toyota Says It Sold Entire Stake in Tesla in 2016

co211e2 wrote:
I'd say they got a nice return on investment. IPO price being $17, Toyota probably got a https://pewarriors.com/sizegenetics-review-and-results lower price sizegenetics by doing the deal before the IPO at around $8-$12 per share. Still hurting over this one. I raised $20k at the time the stock went public but was unable to acquire any on opening day.


When you consider that TSLA is at $380 a share right now I'd say they made a very nice return.

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