Tesla held talks over buying stake in Glencore – report
Electric vehicles giant Tesla (NASDAQ: TSLA) considered taking a stake in Glencore (LON: GLEN) and held talks with the miner and commodities trader, the Financial Times reported. Citing unnamed sources familiar with the matter, FT said Tesla discussed buying 10% to 20% of Glencore last year and continued negotiations in March this year, when the Swiss firm’s chief executive Gary Nagle visited the carmaker’s factory in Fremont, California. Talks concluded without an agreement due to Tesla’s concerns about Glencore’s coal mining business and its impact on the environment, the two sources told…
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