• Why Did Daimler Take a 10% Stake in Tesla Motors?

    4 monthes ago - By Fast Company

    This morning Daimler announced plans to take a 10% share in Tesla, Elon Musk's electric vehicle start-up. So why did the German auto giant snap up such a large piece of a struggling young company? Simply put, Daimler wants the benefit of a small company's ability to dream big, and in return Tesla wants the comfort of monetary security.
    This morning Daimler announced plans to take a 10% share in Tesla, Elon Musk's electric vehicle start-up. So why did the German auto giant snap up such a large piece of a struggling young company? Simply put, Daimler wants the benefit of a small company's...
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  • Upstarts emerge to chase Tesla's lead in electric vehicles

    Upstarts emerge to chase Tesla's lead in electric vehicles

    4 monthes ago - By Tech Crunch

    A slew of well-funded new entrants backed by massive amounts of capital are chasing Tesla's lead in an effort to power the next generation of the electric vehicle industry.
    Electric vehicle startups have raised more than $2 billion in the U.S. over the first months of 2018 alone, a huge increase over the $650 million raised in 2017, according to data from PitchBook. And the investment trends point to more competition for Tesla from established car companies and upstart manufacturers alike in the next few years.
    All of this activity is thanks to the size of the industry that's in play. The...
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