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Surprise As Mercedes Sells Off Tesla Shares

by Rae Castillon

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.

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