Abu Dhabi Sells Tesla Stake
State-controlled Abu Dhabi National Energy Co. (TAQA) confirms it has sold its 7% stake in electric car maker Tesla Motors Inc.
State-controlled Abu Dhabi National Energy Co. (TAQA) confirms it has sold its 7% stake in electric car maker Tesla Motors Inc.
The oil exploration and power supply company says it made a $113 million profit on the sale of 7.3 million Tesla shares. TAQA Vice Chairman H.E. Ahmed Saif Al Darmaki has resigned his seat on the U.S. company's board.