- Jul 13, 2009
REPORT: Daimler sells 4% of Tesla to Middle East investment fund just two months after acquiring it
Tesla Roadster - Click above image for high-res gallery
Just two months after buying 9 percent of the electric car startup is now owned by 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's stock earlier this year. At the time of its original investment, Daimler and the fund indicated an intention 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 by the Abu Dhabi government and managed by the International Petroleum Investment Company with the intent of diversifying beyond oil.
Photos copyright ©2009 Drew Phillips / Weblogs, Inc.