What does Daimler’s 10% stake in Tesla Motors mean for the Model S sedan?

As many of you know by now, Daimler AG has acquired a 10 percent stake in Tesla Motors. During the press conference earlier this morning, Tesla Motors CEO Elon Musk said that his company is “looking forward to a strategic cooperation in a number of areas including leveraging Daimler”s engineering, production and supply chain expertise. This will accelerate bringing our Tesla Model S to production and ensure that it is a superlative vehicle on all levels.”

Being huge fans of the Tesla Model S we decided to contact Tesla Motors for more information on what the Daimler acquisition means for the company’s new electric-sedan.

While Senior Communications Manager Rachel Konrad couldn’t give us specific details she did say that Tesla and Daimler are currently evaluating precisely where they can collaborate.

“Although it’s premature to speculate exactly where those areas of partnership will be, the Model S is certainly key to Daimler’s investment and confidence in Tesla,” Konrad told egmCarTech in an e-mail. “We are looking forward to a strategic cooperation in a number of areas including leveraging Daimler’s engineering, production and supply chain expertise.”

Konrad went on to say that “Tesla still plans to produce the Model S in its own manufacturing facility in California. In addition, Tesla will continue its distribution strategy by independently opening Tesla owned show rooms worldwide.”

Tesla recently announced that it has received over 1,000 reservation for its Model S sedan. Money from the reservations and a pending $350 million loan from the Department of Energy”s Advanced Technology Vehicle Manufacturing Program, will be used to build the Model S in California.

Tesla Model S:

 

– By: Omar Rana