June 5 (UPI) -- Toyota Motor Corp. sold its 2.3 million shares in Tesla Motor, Inc., a Toyota spokeswoman said, indicating the two former partners are now rivals.
The sale was conducted quietly in 2016, ending a six-year collaboration on electric-powered cars. The partnership began in 2010, prior to Tesla's initial public offering, with Toyota's $50 million investment in Tesla. Toyota also sold an abandoned factory in California to Tesla for $42 million.