Daimler sold its remaining 4% stake in Tesla for $780 million

Article by Andrew Christian, on October 22, 2014

All of you folks know that Tesla is becoming more important and a rival for most of carmakers with its high-performance electric cars. Tesla is continuously increasing its value and now, Daimler’s 4 percent stake in the American company is valued at a whooping $780 million.

Daimler sold its stake in Tesla but the manufacturer said that their partnership with the company will not be affected. For those who don’t know, Tesla currently supplies battery technology to Mercedes-Benz electric cars.

The Mercedes-Benz B-Class Electric Drive uses technology from Tesla but still, the German vehicle offers a smaller range when compared with the well-know Model S, which is 265 miles or 426 km.

Earlier this month, Tesla introduced all-wheel drive versions of the Model S, which means that sales will cover more areas.

The most powerful model is the 2015 Tesla Model S P85D, which arrives with 691 hp (221 hp front and 470 hp rear), enabling an acceleration from 0 to 60 mph (96 km/h) in 3.2 seconds and a top speed of 155 mph or 250 km/h.

Topics: daimler, tesla

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