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dDT

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dDT

Re: None

Tuesday, 10/21/2014 4:53:51 PM

Tuesday, October 21, 2014 4:53:51 PM

Post# of 648882
DDAIF Daimler unloads Tesla stake, affirms partnership

Daimler (OTCPK:DDAIF) has sold its 4% stake in Tesla (NASDAQ:TSLA), and terminated the share-price hedge it started in 2013. The sale will "result in a cash inflow of around $780 million" for the Mercedes parent.
Daimler affirms it will continue sourcing the powertrain for its Mercedes B-Class Electric Drive from Tesla - development work is now complete - and keep cooperating on "current projects."
Tesla's value has risen a bit since Daimler originally acquired a 9.1% stake back in '09.
TSLA -1.3% AH.

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