Desperation or long-term planning? Daimler AG acquires 10 per cent of Tesla
The subject line speaks for itself. Perhaps this will spark Ford and GM to take similar equity stakes in other emerging EV companies. Now, some may point out that the big car companies also had/have stakes in fuel-cell companies (i.e. remember Ballard). But this is different. Tesla has a car and is selling it today. It’s expensive, but it already has plans to sell its less flashy sedan in the coming year.
Here are a few places to read about the news:
Actual announcement here. Earth2Tech coverage here. CNET coverage here. And AP/CP coverage here.
Tags: Daimler, electric cars, Tesla
Tyler Hamilton is senior energy reporter and columnist for the Toronto Star, Canada's largest daily newspaper. In addition to this Clean Break blog, Tyler writes a weekly column of the same name that discusses trends, happenings and innovators in the cleantech market. This blog is a personal project started in April 2005. It is not an official blog of the newspaper. Tyler can be reached at tyler@cleanbreak.ca