Why Did Daimler Sever Its Ties With Tesla
Daimler AG recently sold its stake in Tesla Motors, Inc. The move of the parent of Mercedes-Benz came as a surprise in the automotive industry this week. According to Automotive News, Daimler held a 4 percent stake in the electric car company. The sale of Daimler’s shares earned it a hefty $780 million. The sudden decision of the German multinational corporation raised a lot of questions in the automotive industry. So far, the speculations below were among the suspected reasons of Daimler’s sudden divestiture of its shares: 1. Tesla’s Decision to Share its Patents to Competitors for Free The primary reason why Daimler invested $50 million in Tesla in 2009 is to have access to… Continue Reading »