• Jul 13th 2009 at 6:28PM
  • 8
Tesla Roadster - Click above image for high-res gallery

Just two months after buying 9% of Tesla Motors, Daimler has reportedly sold nearly half of that stake. According to Reuters, 4% 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.

  • No. 2 - Tesla Roadsters are in production, albeit in small numbers still, and the company is still with us (for now at least). We've driven it and it's a wonderful sports car - even disregarding the powertrain. Factor in that electric drive and it's amazing. Unfortunately, recent financial issues have threatened the company's future. The investors seem committed to making Tesla survival so far.

Photos copyright ©2009 Drew Phillips / Weblogs, Inc.

[Source: Reuters]

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    • 1 Second Ago
      David Ederer
      • 6 Years Ago
      Daimler will do anything to destroy another automaker if it gets the chance.
      • 6 Years Ago
      gooood, so now Tesla is partially owned by people who owe EVERYTHING except their traditional attire to...oil.
      This can only go well, right?
      • 6 Years Ago
      Well, Musk admitted they just did the deal to dress up the books to make the company appear to be eligible for the DOE money.
      • 6 Years Ago
      well whether or not Telsa Motors survives, thrives, or goes down in a bright blue flame, all of it will make one fascinating book some day.
      • 6 Years Ago
      Blame it on terrorists and OPEC since everthing is their fault.
      • 6 Years Ago
      Hmm..that's the Daimler way, divide and conquer, wonder how much it will take until Daimler will buy some more stocks from Tesla and sell after two months. And this crap just after the Chrysler one.

      Daimler, probably the dirtiest player in the auto industry.
      • 6 Years Ago
      June 2019: Tesla acquired by Fiat amid sudden collapse and ensuing bankruptcy proceedings.

      Damn you, Daimler.
      • 6 Years Ago
      Well it's not like Tesla had any control over what a shareholder does
      with it's shairs. Yes I am concerned and alarmed over it, but once I
      get my EV then I will no longer have to shell out for gas, and I can live
      with that...for the time being. As long as Tesla is able to keep
      enough control over it's business long enough to make the cars then I'm happy.
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