Added interest in Tesla as UAE firm buys stake
By DAN STRUMPF (AP)
NEW YORK (AP) — With a $109,000-plus sports car as its only vehicle on the market, Tesla Motors would appear to a niche player on the auto scene. Yet parties including the U.S. government and a fund in Abu Dhabi are counting on the company's electric cars to one day go mainstream.
In June, the U.S. Department of Energy said it would lend Tesla $465 million to help it develop green car technology. Monday, Aabar Investments acquired part of the 10 percent stake in Tesla that Germany's Daimler AG paid $50 million for in May.
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