Toyota Rav4 EV Forum

It is currently Mon Dec 11, 2017 1:15 am

All times are UTC [ DST ]




Post new topic Reply to topic  [ 3 posts ] 
Author Message
 Post subject: Toyota Says It Sold Entire Stake in Tesla in 2016
PostPosted: Sun Jun 04, 2017 6:05 am 
Offline

Joined: Thu Dec 27, 2012 10:55 pm
Posts: 597
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

_________________
OpenEvse wifi controlled L1/L2 charging
2 x GEM EV
past ev's: 3 yr leaf 30k, 3yr rav4ev 34k, 3yr rav4ev 25k


Top
 Profile  
 
 Post subject: Re: Toyota Says It Sold Entire Stake in Tesla in 2016
PostPosted: Mon Jun 05, 2017 5:26 pm 
Offline

Joined: Wed Nov 09, 2016 7:07 pm
Posts: 43
Location: River Pines, CA
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.

_________________
13 RavEV: 2263 Miles: 89,000 and counting w/ JdeMO


Top
 Profile  
 
 Post subject: Re: Toyota Says It Sold Entire Stake in Tesla in 2016
PostPosted: Thu Jun 15, 2017 8:51 am 
Offline

Joined: Fri Jun 09, 2017 11:17 am
Posts: 2
When you consider that TSLA is at $380 a share right now I'd say they made a very nice return.


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 3 posts ] 

All times are UTC [ DST ]


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Search for:
© Toyota Rav4 EV Forum - part of the MyElectricCarForums.com Group