I'm Sure Conspiracy Theorists Are Paying AttentionBack in May, Daimler bought a 10% stake in electric car maker Tesla. But once you own something, you can resell it. That's what Daimler just did; it sold 40% of its Tesla stake (or 4% of Tesla) to Abu Dhabi-based Aabar Investments. "This investment allows Daimler and Aabar to leverage their shared interest in the development of low-CO2 drive systems," the companies said in a statement. But what does this mean?
What This Means
Hopefully this just means that the UAE are trying to diversify their investments and Tesla seemed like a good bet, not that they're trying to get a toehold into the electric car business to nefarious ends (not sure what they could do with 4% anyway, and it would be surprising if they could do anything without it getting out).
What do you think? Do they want Tesla to succeed, or are they trying to find a way in to better defend fossil fuel interests?
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