Mercedes' Parent Company Daimler Acquires 10% Stake in Tesla Motors

Turns out that the yesterday's rumors were spot on as Mercedes-Benz' parent company, Daimler AG, announced today in a press conference in Stuttgart that the German firm has acquired an equity stake of nearly 10 percent of Tesla Motors. The two companies that have already sealed a deal to integrate Tesla's lithium-ion battery packs and charging electronics into the first 1,000 units of the


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