Latest Mercedes-Benz News

Mercedes-Benz and Toyota Share Their Views on the Tesla Brand

Tesla surely had a rocky year in 2008 wherein the company had trouble with its resources. In the account of Elon Musk, the company’s Chief Executive, during his interview with Forbes, the problem was such that the company nearly closed down and he had to spend all his personal reserve in an effort to save it. But thanks to a timely investment by Daimler, by pouring $50 million into the company, it was able to support its operations. That was further improved by a $465 million taxpayer loan and Toyota’s $50 million investment in 2010. According to Forbes, it seems like Daimler and Toyota’s faith in Tesla paid off as… Continue Reading »


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