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Toyota unloads Tesla shares with end of EV ties

Toyota decides to sell all of it shares of Tessa to unload the ties with the U.S. shares and move on with further plans. What could have led to such a big plan and why was this something they decided to change their mind on? Was Tesla something that just didn’t turn out to be a good idea after all?

Key Takeaways:

  • Toyota sold all of its remaining shares in Tesla after a year end review
  • Toyota and Tesla had a partnership since 2010
  • Toyota has a new in house unit to work on electronic vehicles.

“In describing his test drive of the Tesla Roadster about a month earlier, Akio Toyoda, president of Toyota, said he felt “the wind of the future”.”

http://www.autonews.com/article/20170603/OEM/170609875/toyota-unloads-tesla-shares-with-end-of-ev-ties