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06-05-2017, 05:43 PM
Toyota and Tesla's unravelling relationship has finally ended
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The partnership between Toyota and Tesla has finally wound to an end.
The Japanese car marker on Saturday (https://www.bloomberg.com/news/articles/2017-06-03/toyota-says-sold-entire-holdings-in-tesla-in-2016)an**unced that it had sold the last of its stake in Tesla, as it prepares to launch its own purely electric car.
SEE ALSO: Elon Musk promises smoother new autopilot for Tesla cars (http://mashable.com/2017/05/22/tesla-smooth-autopilot/)
According to former engineers (http://www.newsday.com/classifieds/cars/tesla-toyota-project-exposed-corporate-culture-clash-1.8989561), a culture clash had emerged between the two companies, with Toyota's conservative "safety first" style of engineering (https://www.ft.com/content/130a937a-48fd-11e7-919a-1e14ce4af89b) going up against Tesla's risk-taking approach.*
Toyota had bought about 3 percent of Tesla for $50 million in 2010.
The Japanese company had said, at the time, that it was impressed by "Tesla's start-up culture (http://www.reuters.com/article/us-toyota-tesla-idUSTRE6683RA20100709)", with Tesla CEO, Elon Musk, calling the partnership "historic" (https://www.bloomberg.com/news/articles/2017-06-03/toyota-says-sold-entire-holdings-in-tesla-in-2016). Read more... (http://mashable.com/2017/06/05/toyota-tesla-clash/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Tesla (http://mashable.com/category/tesla/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Elon Musk (http://mashable.com/category/elon-musk/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Electric Cars (http://mashable.com/category/electric-cars/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Toyota (http://mashable.com/category/toyota/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Hybrid Cars (http://mashable.com/category/hybrid-cars/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://pubads.g.doubleclick.net/gampad/ad?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1496655973 (http://pubads.g.doubleclick.net/gampad/jump?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1496655973)
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The partnership between Toyota and Tesla has finally wound to an end.
The Japanese car marker on Saturday (https://www.bloomberg.com/news/articles/2017-06-03/toyota-says-sold-entire-holdings-in-tesla-in-2016)an**unced that it had sold the last of its stake in Tesla, as it prepares to launch its own purely electric car.
SEE ALSO: Elon Musk promises smoother new autopilot for Tesla cars (http://mashable.com/2017/05/22/tesla-smooth-autopilot/)
According to former engineers (http://www.newsday.com/classifieds/cars/tesla-toyota-project-exposed-corporate-culture-clash-1.8989561), a culture clash had emerged between the two companies, with Toyota's conservative "safety first" style of engineering (https://www.ft.com/content/130a937a-48fd-11e7-919a-1e14ce4af89b) going up against Tesla's risk-taking approach.*
Toyota had bought about 3 percent of Tesla for $50 million in 2010.
The Japanese company had said, at the time, that it was impressed by "Tesla's start-up culture (http://www.reuters.com/article/us-toyota-tesla-idUSTRE6683RA20100709)", with Tesla CEO, Elon Musk, calling the partnership "historic" (https://www.bloomberg.com/news/articles/2017-06-03/toyota-says-sold-entire-holdings-in-tesla-in-2016). Read more... (http://mashable.com/2017/06/05/toyota-tesla-clash/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Tesla (http://mashable.com/category/tesla/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Elon Musk (http://mashable.com/category/elon-musk/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Electric Cars (http://mashable.com/category/electric-cars/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Toyota (http://mashable.com/category/toyota/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Hybrid Cars (http://mashable.com/category/hybrid-cars/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://pubads.g.doubleclick.net/gampad/ad?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1496655973 (http://pubads.g.doubleclick.net/gampad/jump?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1496655973)
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