Daimler has acquired “nearly” 10% stake in Tesla, and both the companies are poised to benefit from the new alliance. As part of the deal, Daimler will get a seat on Tesla’s board, and will provide engineering support and possibly, even parts. Tesla, on its part, will continue providing electric Smarts with its battery packs, and possibly it will also benefit from Daimler’s investment into automotive Lithium ion cells produced at Li-tec. They haven’t given out any hard figures, sticking to words like “nearly 10 percent” stake and “double digit million euros” sum, but TechCrunch believes the deal gives Daimler 9 percent of the stake, at a cost of $50million.
Via: Daimler/ Tesla
