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Daimler Takes 10% Stake in Tesla; Strategic Partnership to Collaborate on Future Models

Green Car Congress

Daimler AG has acquired an equity stake of nearly 10% in Tesla Motors Inc. The two companies have already been working closely to integrate Tesla’s lithium-ion battery packs and charging electronics into the first 1,000 units of Daimler’s electric smart car. Elon Musk, Tesla CEO and Product Architect. Earlier post.).

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Daimler buys stake in Tesla

Green Cars News

Daimler has acquired an equity stake of nearly 10 per cent of Tesla Motors Inc, the American electric sports car manufacturer. Tesla is the only production automaker selling a highway capable electric vehicle in North America and Europe, and as such Daimler’s investment will see the company furthering its development of battery-run cars. .

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Daimler takes stake in Tesla Motors

Green Cars News

Daimler has taken a near 10 per cent stake in Tesla Motors following a successful partnership between the two in integrating Tesla’s lithium-ion battery packs and charging electronics into the first 1,000 units of the Smart car.

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How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

The electrification of the automobile is inevitable." The turning point came when tiny Tesla Motors, a Silicon Valley start-up, announced in 2006 that it would produce a speedy electric sports car powered by those same laptop batteries. Batteries powerful enough to achieve that would fill up the trunk of a car, he said.

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GM Says Chevrolet Volt Won't 'Pay the Rent' | Autopia from Wired.com

Tony Karrer Delicious EVdriven

Posted by: CurtCurt | Apr 13, 2009 9:24:33 PM By the time they get these (or other plug-in hybrids) out into consumers hands, Tesla will be doing as well or better with pure EV tech, and by 2012 may even be making a tiny profit, instead of a huge loss, even though there production numbers are much smaller. Way to go morons. Never again.

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