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Why Did Daimler Sell Its Stake in Tesla?

2014-10-26 14:09:53| Automakers - Topix.net

With fewer than 200 units of the Mercedes B-Class sold through September, the German luxury automaker would not appear to be a competitor for Tesla Motors in the electric vehicle space. However, Tesla's ambition as a car company expands beyond the EV industry, and Mercedes parent Daimler AG brought the company's relationship as constructed to a close with the sale its 3.9% stake in Tesla , Bloomberg reports.

Tags: sell stake daimler tesla

Category:Automotive

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