Daimler CEO Says Automaker Is Nonetheless Open To Working With Tesla

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Daimler’s 2009 funding in Tesla was essential.

Dieter Zetsche – in one of many newest interviews – was requested about Daimler‘s $50 million funding in Tesla in 2009 and later gross sales of shares for some $780 million in 2014. The transfer apparently saved Tesla from chapter (different traders adopted Daimler at a later stage) and fruited in EV conversion tasks (good fortwo ED, Mercedes-Benz A-Class E-CELL low-volume and hundreds of Mercedes-Benz B-Class Electrical Drive).

Zetsche mentioned: “by no means regretted it. This doesn’t exclude a cooperation sooner or later.”

Nicely, it was enterprise deal for Daimler in the long run, as we may assume that each one the early EVs had been financed from the elevated value of Tesla shares. Nevertheless, on the similar time Daimler bred not solely a competitor for Mercedes-Benz however for the whole automotive trade and now must work tougher for its market share.

Mercedes-Benz A-Class E-CELL

Dieter Zetsche appears open to additional cooperation with Tesla, however we fairly shouldn’t learn this as an announcement. It’s extra like a pragmatic method to not exclude any choices. There’s additionally no intention to purchase Tesla shares once more.

We don’t know what the longer term will deliver, however even when the roads of Daimler and Tesla be a part of once more, will probably be not beneath Zetsche who leaves Daimler’s CEO place in Might 2019.

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Here’s what Elon Musk mentioned prior to now in regards to the Tesla funding:

Musk: “With out Daimler, Tesla wouldn’t exist. Daimler saved Tesla.”

Zetsche: “On the time the funding was comparatively necessary for Tesla, as a result of that they had some difficulties on the time to go to the following financing spherical. I imagine the cash that now we have invested and the opposite traders that adopted helped Tesla again then.” 

Supply: Reuters


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