By on October 23, 2014

Mercedes-Benz B-Klasse Electric Drive – Laden / Mercedes-Benz

Over five years ago, Daimler AG acquired a 9.1 percent interest in Tesla, gaining 1,000 battery packs for its Smart EV in exchange for helping to put the Model S on the road to production.

Wednesday, Daimler sold its remaining 4 percent in the company, netting $780 million for the trouble.

Despite the divestiture, both automakers will continue cooperating on ongoing projects, such as the Mercedes-Benz B-Class Electric Drive recently launched in the United States. Daimler financial management board member Bodo Uebber said the sale would allow Tesla to “broaden its investor base,” adding that stock ownership wasn’t necessary to the overall relationship between the two companies.

As for who Tesla could now court, Forbes believes BMW could be drawn further into its own relationship with the company. International Strategy & Investment analyst Arndt Ellinghorst believes Tesla would benefit more from BMW’s carbon-fiber technology — put to great use in the i Series — than from providing batteries to Mercedes. Both companies met in June to discuss standardization for a potential EV charging network.

Get the latest TTAC e-Newsletter!

3 Comments on “Daimler Financially Divests From Tesla, BMW Could Step In...”


  • avatar
    stuki

    Those Krauts owe Mr. Musk a nicely appointed S class for life, should credit for his ventures dry up before they start minting meaningful money on their own…..

  • avatar

    Now Toyota decided to sell its Tesla stock. Seems logical since Tesla shares are peaking, but also because of Toyota’s own focus on hydrogen. Tesla may well need ‘a new thing’ that will draw the attention, not just diversify models like any other regular car maker. People might conclude that what Tesla only separates from the rest, is electric propulsion. That’s a ‘trick’ others can copy. Not to mention that others may straightaway jump to hydrogen.

Read all comments

Back to TopLeave a Reply

You must be logged in to post a comment.

Recent Comments

  • TimK: @Greg H: “Shortages of goods only happen in capitalist countries. In communist countries, there is never a...
  • Socrates77: The world is shrinking, only idiots think the capitalism is the way to go. Tge time for competition has...
  • manu06: I’ve downloaded an app called Radio Garden. It accesses thousands of radio stations around the world with a...
  • Carlson Fan: “GM had an airbag system to cover all 3 front passengers going back to the last of the Fleetwood...
  • Carlson Fan: I’d take the 6.2 as well, as long is it wasn’t in a Denali or High Country trim package,...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber