Toyota ends partnership with Tesla

Japanese carmaker's 'conservative' approach reportedly clashed with Elon Musk's 'risk-taking' strategy

Toyota Tesla
(Image credit: Justin Sullivan/Getty Images)

Toyota has sold "the last of its stake"in Tesla, ending its partnership with the firm, reports the Financial Times.

The car giant "bought roughly 3 per cent of Tesla for $50m (£39m) in 2010" in a deal that "included the sale of its assembly plant in Fremont, California, to Elon Musk's electric car start-up", says the paper.

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