Daimler isn’t the only high-profile investor that has lightened-up on TSLA stock

Good God, stop the selling

Good God, stop the selling

Yesterday’s news that Daimler sold its 4 percent stake in Tesla weighed on the already beaten down stock of the electric carmaker. Daimler on the other hand is all smiles, having turned a $50 million initial investment into a cash flow of $780 million – not counting what it had received after selling a 40 percent chunk of its initial holdings to the Dubai government in 2009. Wall Street sources surmise that the sell was not a strategic decision, but the result of hedging. With the Tesla stock having retreated some 50 points from its September peak, options may have been exercised. According to a Daimler statement, the Stuttgart carmaker hasn’t simply cashed-in on its shares, but rather “has terminated the share-price hedge it initiated in 2013 and has sold its stake in Tesla of approximately 4%.”

Daimler isn’t the only high-profile investor that has lightened-up on TSLA stock.

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Mercedes C-Class kills young Hitler in viral video, Daimler not amused

Young Hitler

Daimler is (publicly) outraged about a viral video that shows its product in a positive light.  In the clip, a new C-Class Mercedes kills a young Adolf Hitler. [Continue Reading]