Daimler sells stake in Tesla for $780 million
Electric vehicle partnership not affected.
STUTTGART, Germany — Daimler AG says it has sold its 4% stake in electric car maker Tesla for $780 million.
The buyer was not disclosed.
The Germany-based parent of Mercedes-Benz says its partnership with Tesla Motors Inc. is unaffected. Tesla made the battery packs and chargers for the two-seat electric smart and developed part of the electric drive system in the B-Class Electric Drive.
© 2014 The Canadian Press