Tesla drops pursuit of stake in GlencoreInteresting article in FT regarding Tesla's discussions with Glencore regarding stake in company.
"Preliminary discussions about Elon Musk’s electric car and battery maker buying 10-20 per cent of Glencore began last year, according to two people familiar with the matter. They continued in March this year, when Glencore chief executive Gary Nagle visited Tesla’s factory in Fremont, California as part of a roadshow for the mining company’s annual results. However, the discussions ended with no deal reached, according to the two people. Tesla had concerns over whether Glencore’s extensive coal mining business was compatible with the carmaker’s environmental goals, and was reluctant to take a minority equity stake."
No coal in Frontier!