Tuesday, May 19th, 2009...11:04 pm

Daimler shocks with its Tesla investment!

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The German automaker Daimler, which once owned Chrysler as recently as 2007, has bought into American electric car company Tesla.  Diamler purchased 10% of Tesla on Tuesday.  The investment is said to be in the area of “double-digit million dollar sum” says one report.   I should have seen this coming, because Tesla was showing off the all electric Smart car when they held their Model S reception here in Washington D.C. just a few months ago.  Seeing how Daimler owns Smart, it would only be wise to invest in Telsa since they are supplying Smart with batteries.  It’s obvious that Daimler understands that the future is in electric vehicles and that Chysler wasn’t going to get them there.

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