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Discussion in 'News' started by doug, May 18, 2009.
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Interesting. Tesla now worth $555 million. GM now worth $885 million. This belongs in the milestone thread. When will Tesla have a higher valuation than GM?
And once that happens, will Tesla be the second largest US auto maker, behind only Ford?
What would you have said to me if 2 years ago I told you that by the end of 2009 Tesla would have a higher market cap than GM?
I alway thought when a major maker comes out with an EV they should do it under a totally different Brand.
The EV1 came out in the now defunct Saturn line but I thinking an even bigger separation like Nissan is to Infiniti or Toyota is to Lexus.
I don't mean the high end aspects of these Brands but using the model that these companies are totally disassociated from the parents.
The thinking here is that when GM is selling horribly non green behemoth like a Hummer on the same lot as an earth hugging EV that it sets up the company for unhealthy comparisons.
By Mercedes buying a bit of Tesla they get that division built in -even if they share the same dealership space.
A couple more MSM articles:
Daimler to Buy Stake in Electric-Vehicle Company Tesla - WSJ.com
Electric Connection: Tesla, Daimler - BusinessWeek
From doug's BuisnessWeek link (as an answer to if Tesla plans to sell in M-Benz dealerships):
Was the last round Tesla got an investment or a bridge loan? 20mil was it?
I guess Jay Yarrow is eating his words a bit on that pointless Twitter comparison.
Tesla's New Valuation Is $550 Million - The Business Insider
It was $40M convertible debt, which is like a loan that transforms into an investment.
Musk Makes Out In The Daimler Deal - The Business Insider
He says. " Major Markets"
I also think you could still control the customer experience in a separate building on a Mercedes lot with Tesla employees.
I would have said you are full of ... . . . . . .good ideas...
I think many of us thought it could happen eventually, but in 2 years ?!
No new information here, but I particularly like this article - a little speculation but no glaring inaccuracies or bias that I could see:
Share in Tesla Electrifies the Teutons | Autopia | Wired.com
has this already been posted?
Is Tesla really worth $550 million? Daimler apparently thinks so
kinda confirms my 50mil suspicions...
I think your 50mil suspicions were posted several times back up this thread :smile:
I see several people also noticed the major markets bit. And personally I agree with Musk on this. It's a bit like Apple, they've got big major Apple stores and also their product displayed on more generic electronics stores. Especially as a way to extend your dealer network to smaller towns this sounds like an excellent option. Especially if a small Mercedes dealer can order and handle Tesla's without actively selling them.
Great analogy Cobos. My local Best Buy has a little Apple table. I don't know if the guy that mans the display is Apple-trained but if Elon is so concerned about controlling the message, the scaled down (no repair facility) Mercedes-Tesla dealership will have a Tesla trained person that is the only one allowed to sell the Tesla line.
I just heard that this Roadster is actually Signature #100. It was purposefully not built or sold earlier. They are doing something special with it for promotional purposes.
Daimler Taps Hughes Hubbard For Tesla Motors Stake
Tesla Co-Founder Questions Valuation at 47% of GM's (Update1) - Bloomberg.com
With GM seemingly on the verge of flushing their public stock, I wonder why they were up over 32% today to close at $1.92
Short buying to cover June 1 options at $0? I don't understand why there would be a runup just prior to an expected bankruptcy.
Speculation, just in case they don't go bankrupt.