Home / Auto News / News article: Daimler Deserves Credit for Saving Tesla Says CEO - AutoGuide.com News
 |  Sep 06 2012, 12:01 PM

American electric automaker Tesla is enjoying great success, at least in terms of the EV market, and its CEO Elon Musk credits Daimler for saving the automaker in its time of need.

Three years ago, Daimler invested a hefty $50 million into Tesla Motors, a move that surprised even the most enthusiastic Tesla supporters. In a recent interview, Elon Musk revealed that Tesla Motors would now be extinct if Daimler hadn’t stepped in with its funding. In Musk’s own words, “There were a couple of near-death situations.”

Surprised? The bold CEO now has no problems sharing his thoughts on competitor Fisker, and Tesla is clearly heading towards in the right direction. Had Daimler not stepped into the picture however, we wouldn’t be speaking about Tesla at all today, and who knows where Musk would be in terms of finances.

Thankfully Musk confirmed that Tesla’s financial status is “pretty good” and we should be seeing plenty more from the automaker for years to come.

[Source: Autoblog]