To: RetiredNow who wrote (8329 ) 5/19/2009 12:32:32 PM From: RetiredNow Respond to of 86356 While I'm glad Tesla is finally partnering in a big way with an established tier-1 automotive company, I'm a little disappointed that the tier-1 US automakers are such failures that they could not have conceived of the idea of partnering with Tesla before a foreign company came in and picked up a stake. When will US companies get their heads out of their butts and decide to get serious about renewable energy and renewable energy products? Will they always be too late to the party like we've seen in the auto industry? I hope not. Our country's future prosperity depends on it.Daimler Takes 10% Stake in Tesla; Strategic Partnership to Collaborate on Future Models greencarcongress.com Daimler AG has acquired an equity stake of nearly 10% in Tesla Motors Inc. The two companies have already been working closely to integrate Tesla’s lithium-ion battery packs and charging electronics into the first 1,000 units of Daimler’s electric smart car. (Earlier post.)Tesla has demonstrated expertise with electric vehicles, but nowhere near the experience and capability of an organization like Daimler in terms of general automotive experience with safety, mass production, all those things. Tesla brings those new elements of electric powertrain, Daimler provides to Tesla the traditional elements which are extremely important if we are going to mass production. Where I see the significant value, the mutually beneficial partnership, is that Tesla brings expertise on the battery electric front, Daimler brings expertise associated with everything else on the automobile. —Elon Musk, Tesla CEO and Product Architect