BMW not interested in buying stake in Tesla: Wirtschaftswoche

Published Fri, Nov 28 20149:55 AM EST

Germany's BMW is not interested in buying a stake in U.S. electric carmaker Tesla Motors, German weekly WirtschaftsWoche reported on Friday, citing a BMW statement.

Earlier this week, a Tesla spokeswoman said there had been informal talks between the companies, but there were no plans to set up an alliance.