Tesla Opens Higher; Toyota Sells Tesla Stock

MarketWatch Pulse

Shares of Tesla rose 0.4% at the open Friday, poised to end the week up around 4%. According to a reports Thursday, Toyota Motor Corp. has sold some of its shares in the electric car maker. Tesla and Toyota formed a partnership in 2010, with the Japanese car maker investing about $50 million. Toyota, which had been among Tesla's top shareholders, has sold an undisclosed amount of shares. Earlier this week, Germany's Daimler AG sold its 4% stake in Tesla, although it said their cooperation would continue.

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