Tesla to develop an electric vehicle for Mercedes-Benz

Article by Christian Andrei, on February 19, 2012

Tesla has began a development program with Daimler to produce a new electric Mercedes-Benz vehicle with a Tesla powertrain, according to a shareholder’s letter sent last Wednesday that contained its fourth quarter and full year earnings. Daimler has already been investing in Tesla and makes use of Tesla battery packs for its electric Smart cars.

There have been plenty of speculations about Daimler’s plans for an electric Mercedes. Tesla said that the electric Mercedes-Benz program will make use of a full powertrain, which includes the motor, gearbox, inverter and software. However, Tesla failed to offer details about its launch date or production volumes.

Tesla said that it will recognize revenue from the program starting in the second quarter. Tesla’s deal with Mercedes-Benz comes after it unveiled its third car, the Model X model, in Los Angeles last week.

Tesla’s earnings are on track to offer its first Model S cars to customers beginning this Summer as its DOE loan and relationship are in good standing. It also said that it is expecting guidance of between $550 million and $600 million for the year ahead.

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Now that Lamborghini is set to bring a “more aggressive” Aventador, it only makes sense that it will be given a name. Seeing how it goes, perhaps we won’t be...
by - December 6, 2016
The recently concluded 2016 Los Angeles Auto Show has just showcased the new generation Mazda CX-5. And with it comes a rendered version for an MPS variant. Let us see...
by - December 6, 2016
Nikola Motor’s hydrogen-powered semi-trailer truck is highly appealing with its many advancements but don’t expect it to arrive in the near future. In November 2016, Toyota announced the possibility of...
by - December 5, 2016
Usually, it is up to resourceful spy photographers to take clear pictures of vehicle prototypes, especially those that have aroused a lot of interest. The same is true for Project...
by - December 5, 2016
The much-anticipated debut of the new Wrangler will surely happen. As it approaches, we’ve gathered all the latest information released so far. Of course, most are expecting that the next...
by - December 5, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries