SI
SI
discoversearch

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 (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