Daimler Takes Stake in Tesla as Collaboration Deepens

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New York Times - May 18, 2009

The col­lab­o­ra­tion between Daim­ler and Tes­la Motors is deep­en­ing now as Daim­ler acquires a near­ly 10% stake in the mak­er of the Road­ster elec­tric sports car. The invest­ment equals a “dou­ble-dig­it mil­lion-dol­lar sum,” and Daim­ler VP Her­bert Kohler will take a seat on Tesla’s board of direc­tors. The part­ner­ship began ear­li­er with Tes­la bat­tery packs placed in Daimler’s Smart cars.