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Toyota sells off Tesla shares, too

The incredible rise of Tesla's stock price has done little to now stop two major shareholders from ditching their stake in the American EV manufacturer. First, Daimler, parent company of Mercedes-Benz, ditched its four-percent stake, and less than a week later, Toyota is doing the same thing, selling off an undisclosed bit of its Tesla investment.
The move comes as Toyota winds down sales of the RAV4 EV, which gets its batteries and electric motor from Tesla at the company's Fremont, CA factory.
"We have a good relationship with Tesla, and will evaluate the feasibility of working together on future projects," Toyota spokesperson Kayo Doi told Bloomberg via email.

Tesla investigating the cause of Model S garage fire in Toronto

A Tesla owner in Toronto returned from a drive only to have his fire alarms go off shortly after powering down his Model S in an incident that is once again raising concerns about the electric hatchback's safety. Where previous cases of Model S combustion were anything but spontaneous -the car was always involved in an impact before going up in flames - this latest case has no obvious cause.
According to Bloomberg, as far as its owner knows, this particular Model S was not involved in a collision during the drive. It also wasn't charging when the fire started. According to Tesla, though, it wasn't any of the Model S' major components that caused the fire.
"In this particular case, we don't yet know the precise cause, but have definitely determined that it did not originate in the battery, the charging system, the adapter or the electrical receptacle, as these components were untouched by fire," said Tesla in an official statement.

Tesla poaches Renault-Nissan communications boss Sproule

Need another sign that Tesla is growing into a force to be reckoned with? Bloomberg reports it has just snagged high-profile communications boss Simon Sproule from Renault-Nissan to become the EV maker's vice president of communications and marketing.
Sproule is an industry veteran, having spent 20 years at Nissan (where he grew to become CEO Carlos Ghosn's right-hand man). In addition, he logged stints at Ford, Jaguar (when it was still a Blue Oval-owned brand) and Microsoft. Despite all that experience, Sproule is still young, at just 45 years of age, as Bloomberg points out, yet he's held positions in the US, Japan and France over the years.
This is all good news for Tesla, which is in need of a strong spokesman outside of company CEO Elon Musk. It's been battling with the state of New Jersey and its governor, Chris Christie, over direct sales in the Garden State.