Tesla Motors Gets New Investor With German Daimler

Posted: May 19 2009, 7:54am CDT | by , Updated: Aug 11 2010, 2:27pm CDT, in News | Cars & Vehicles


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The coolest electric car maker Tesla Motors gets a new investor with German car maker Daimler. Daimler takes 10% of Tesla Motors.
Daimler paid a double digit million dollar sum for the 10% in Tesla.
The companies plan to work together on the Smart electric car and future electric cars.
The big German car makers are way behind in the electric car development. It is a smart move by Daimler to pick Tesla Motors to gain the insights on how to make electric cars everybody would want to drive if they could afford one.

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The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.




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