Toyota says it has fully divested its stake in electric carmaker Tesla Motors. The Japanese giant was an early investor in the American upstart and the companies worked together to produce an electric version of one of Toyota’s most popular models, the RAV4 sport utility vehicle.
The stock sale occurred some time last year. A Toyota spokesman declined to tell the Wall Street Journal what returns Toyota made on its investment, though they were likely substantial given Tesla’s sustained rally. Toyota’s technical collaboration with Tesla essentially ended with the production of the 2014 RAV4 electric.
