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 LOL, Toyota Reveals It Dumped Its Entire Stake in Tesla -- Then the Stock Surged 65%

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LOL, Toyota Reveals It Dumped Its Entire Stake in Tesla -- Then the Stock Surged 65% Vide
PostSubject: LOL, Toyota Reveals It Dumped Its Entire Stake in Tesla -- Then the Stock Surged 65%   LOL, Toyota Reveals It Dumped Its Entire Stake in Tesla -- Then the Stock Surged 65% Icon_minitimeSun Jun 04, 2017 2:52 am
Toyota (TM) , which once waxed poetic about its partnership with Tesla (TSLA) , has sold off everything. Talk about a missed opportunity. 
The Japanese carmarker, according to Bloomberg on Saturday, sold its 1.43% stake in electric car-maker Tesla in July of last year. That decision ended the collaboration between the two wave-makers in the auto industry.
Since Jul. 1, 2016, Tesla's stock has surged some 65% to $339.85 as investors have grown ever more bullish on the outlook for CEO Elon Musk's creation. At a market cap of $55.8 billion, Tesla is now the most valuable U.S. automaker, ahead of General Motors (GM) and Ford (F) .
Last November, Toyota set up its own electric car unit and plans to compete directly with Tesla soon.

LOL, Toyota Reveals It Dumped Its Entire Stake in Tesla -- Then the Stock Surged 65% Bab7c60e-2457-11e7-b45c-959dff939d13

https://www.thestreet.com/story/14161482/1/toyota-reveals-it-dumped-its-entire-stake-in-tesla-then-the-stock-surged-65.html

OH WHAT A FEELING, schmuck
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