Monday, April 09, 2012

Abu Dhabi sells stake in Tesla electric car firm

State owned power supplier Abu Dhabi National Energy (TAQA) has sold its 7% stake in US electric carmaker Tesla.

TAQA, three-quarter owned by the government, said it made a profit of $113m (£71m) on the sale.

Tesla was founded in 2003 and is best known for the Tesla Roadster, which is sold in 32 countries.

See full Article.