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Friday, November 28, 2014

BMW not interested in buying stake in Tesla - Wirtschaftswoche, (NASDAQ: TSLA)

Germany's BMW is not interested in buying a stake in U.S. electric carmaker Tesla Motors, German weekly WirtschaftsWoche reported on Friday, citing a BMW statement. Earlier this week, a Tesla spokeswoman said there had been informal talks between the companies, but there were no plans to set up an alliance.

Tesla Motors, Inc. (Tesla) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components. Shares of TSLA remained unchanged at $248.44. In the past year, the shares have traded as low as $123.93 and as high as $291.42. On average, 6195680 shares of TSLA exchange hands on a given day and today's volume is recorded at 4654.