Toyota Motor Corp has sold some of its shares in U.S. electric vehicle maker Tesla Motors Inc , the Nikkei financial daily reported. (s.nikkei.com/ZJyLgR)Toyota invested $50 million in Tesla in May 2010, ahead of the U.S. company's initial public offering in June that year.Toyota said at the time the investment would give it a stake of about 2.5 percent in Tesla, but the size of its current stake is not clear.Tesla's shares were trading at $236 on Thursday, up from their IPO price of $17.
TOYOTA MOTOR CORPORATION is a Japan-based company mainly engaged in the automobile business and financial business. Shares of TM traded higher by 1.58% or $1.77/share to $114.04. In the past year, the shares have traded as low as $103.38 and as high as $130.48. On average, 324074 shares of TM exchange hands on a given day and today's volume is recorded at 329016.
Tesla Motors, Inc. (Tesla) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components. Shares of TSLA traded higher by 1.73% or $4.0/share to $235.10. In the past year, the shares have traded as low as $116.10 and as high as $291.42. On average, 6042250 shares of TSLA exchange hands on a given day and today's volume is recorded at 2757452.
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