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Tesla in deal with Daimler (part zwei)

Discussion in 'News' started by doug, May 18, 2009.

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  1. graham

    graham Active Member

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    I am very curious as to why Aabar did not invest in Tesla directly, but instead bought part of Daimler's investment.

    Was Daimler planning on selling half of the Tesla investment at the time it made it?

    Did Tesla know that the Aabar deal was coming, or did they find out at the same time we did?

    Much of the press around the Daimler agreement from Tesla's side put the investment up as confirmation of the worthiness of Tesla and vindication of the business plan. Does Daimler's almost immediate sale of half of their investment indicate that they do not really believe as much in it as the initial press on their investment would indicate?
     
  2. Palpatine

    Palpatine Banned

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    #102 Palpatine, Jul 18, 2009
    Last edited: Jul 18, 2009
    Typically with a large direct investment like that made by Daimler, the buyer makes promises about how they will hold the investment, period of time before then can sell it, etc. Since the 9.9% investment came with a seat on the board of directors at Tesla Motors, there are even more restrictions.

    For example, Daimler probably has to maintain a minimum percentage to keep the seat on the BOD.

    I am fairly sure when Daimler made the investment that Tesla Motors knew of the Aabar investment aspect. It is likely not an issue at all.
     
  3. TEG

    TEG TMC Moderator

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  4. dpeilow

    dpeilow Moderator

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    Daimler launches €600 million small car investment, A-Class BEV in 2010 — Autoblog Green

     
  5. JRP3

    JRP3 Hyperactive Member

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    That was amusing :biggrin:
     
  6. vfx

    vfx Well-Known Member

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    This guy is shaping up to be a new Kent. He needs his own thread.

    http://www.wired.com/autopia/2010/05/german-enviro-says-evs-plunder-and-pollute/

    His SIX posts her are more based on his interpatation od science than Kent's old scare tactics but he is working real hard here like his paycheck counts on it.

    Third person reference.
     
  7. StephenM

    StephenM Active Member

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    It is absolutely FASCINATING to read these old threads :smile:
    Looks like we're creeping up on GM's market cap again though it's in the billions now instead of millions.
    Elon's fashion sense has also gotten a lot better, lol!
     

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