Latest Auto Reviews
  • Home
  • News
  • Opinion
  • Technology
  • About Us
Saturday, March 6, 2021
No Result
View All Result
Latest Auto Reviews
  • Home
  • News
  • Opinion
  • Technology
  • About Us
No Result
View All Result
Latest Auto Reviews
No Result
View All Result

Surprise As Mercedes Sells Off Tesla Shares

Rae Castillon by Rae Castillon
20/04/2020
in Technology
1 min read
0
Surprise As Mercedes Sells Off Tesla Shares
Share on FacebookShare on Twitter

Mercedes  announced recently that it has sold off its 4% stake in Tesla Motors for £485 million. I’m uncertain of whether this financial action is related to the development of a Mercedes electric car range, however Mercedes have confirmed that it will continue to buy battery systems from Tesla for the soon to be released Mercedes B-Class electric car.

Original Investment

When Mercedes  invested in 2009, Tesla was a decidedly fragile start-up company. Yet over the past five years it has rapidly expanded, becoming a credible rival for the Mercedes-Benz brand in some sectors, more specifically a big competitor against the S Class saloon.

I wonder how Mercedes are going to use that £485 million. Perhaps in house R & D for their own battery cells? Nothing has been disclosed yet.

Tags: MercedesTesla

Related Posts

Hennessey’s Venom F5 Targets 290MPH!
Technology

Hennessey’s Venom F5 Targets 290MPH!

Top Gear Tease 290MPH Hennessey Rocket! Here it is, a world-first look at Hennessey's Venom F5, Texas's V8 twin-turbo...

by Rae Castillon
16/02/2021
Technology

The New TVR, And What A Storm It Brings!

Started in 1947 by Trevor Wilkinson, TVR has gone from strength to strength, including a couple of dips, and...

by Rae Castillon
25/09/2020
Technology

The Grand Tour: Return Of The Kings?

The Long Awaited Return of Clarkson, Hammond and May is Finally Here Jeremy Clarkson, Richard Hammond and James May...

by Paul Hadley
09/04/2020
Technology

Nissan’s GT Academy Coming To Manchester

Chances are that if you like cars you've at one time or another dreamt of being a racing driver,...

by Rae Castillon
12/04/2020
Next Post

Honda Finds Clarity: A Hydrogen Fuel Cell Future

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

Listen To Jessi Lang Talk About Her Life Change Audi R8
Video

Listen To Jessi Lang Talk About Her Life Change Audi R8

by Rae Castillon
02/03/2021
0

Take a step out of your day to watch the video below of Motor trend journalist Jessi Lang and her...

Read more
45 Years Of The Range Rover

45 Years Of The Range Rover

14/04/2020
No Korea Race For 2021 Formula One Calendar

No Korea Race For 2021 Formula One Calendar

09/02/2021

Honda Finds Clarity: A Hydrogen Fuel Cell Future

14/04/2020

Nissan’s GT Academy Coming To Manchester

12/04/2020
Latest Auto Reviews

Latest Automotive Reviews organisation is the perfect place to talk learn about the latest motoring news and reviews of cars. We test-drive all types of cars helping you make buying decisions without doing the work.

Privacy Policy

No Result
View All Result
  • About Us
  • Home
  • News
  • Privacy Policy