Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (4255)	1/15/2009 7:41:22 PM
From: RetiredNow	Read Replies (1) \| Respond to of 86356

Looks like the car companies are moving full speed ahead towards electrification. (Thx for the post Eric). Tesla to Build Powertrains, Batteries for Daimler Today at 12:29 PM By Ucilia Wang Tesla Motors will be building powertrains for Daimler, said Tesla CEO Elon Musk in a speech at the Detroit auto show Tuesday. The announcement confirmed speculations that have swirled over the past year that the startup electric carmaker could ink a deal with Daimler to supply auto parts (see Green Light post). Musk also said his company will supply lithium-ion battery packs and chargers to Daimler for a second-generation, all-electric Smart ED, reported AutoblogGreen. Partnering with a large car company is good news for the San Carlos, Calif.-based Tesla, which has run into money trouble. It wasn’t able to raise the money needed to build a factory for its second car, the Model S, and had to get an emergency cash infusion from its existing investors while waiting for the U.S. Department of Energy to approve loan guarantees. Tesla plans to introduce the Model S in 2011 instead of 2010. Could Tesla also be working with Daimler to build its third model? Musk has talked about partnering with another company to develop a cheaper car that would cost less than $30,000 (see Tesla Coughs Up Sedan Price, Details On Economy Car). Musk is holding a press conference in a little while, so we will keep you posted. Tesla is currently shipping its first model, a $109,000 Roadster. It also announced a sports car version of the Roadster Monday (see Tesla Spiffs Up Roadster; Chrysler Touts All-Electric Sports Car). greenlight.greentechmedia.com