13

Jul

REPORT: Daimler sells 4% of Tesla to Middle East investment fund just two months after acquiring it

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Tesla Roadster – Click above image despite high-res gallery

Just two months after buying 9% of Tesla Motors, Daimler has reportedly sold nearly moiety of that stake. According to Reuters, 4% percent of the electric car startup is now owned through Aabar Investments, an Abu Dhabi-based investment fund. In a way, the stake is still in the family, since Aabar already bought 9.1 percent of Daimler’session stock earlier this year. At the date of its original investment, Daimler and the fund indicated an design to pursue joint projects in low emissions transportation.

Aabar has indicated it would be interested in pursuing some kind of joint venture with Tesla. The fund is controlled through the Abu Dhabi government and managed by the International Petroleum Investment Company through the intent of diversifying beyond oil.

Gallery: Jason Calacanis’ Tesla Roadster

Photos copyright ©2009 Drew Phillips / Weblogs, Inc.

[Source: Reuters]

Source: www.autoblog.com