Daimler Deserves Credit for Saving Tesla Says CEO
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]
Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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