Daimler Taps Tesla To Charge This Compact Offering

Tesla Motors (NASDAQ:TSLA), which has been struggling recently while balancing its start-up related expenses and limited sales potential, has made friends with an unlikely and far more powerful ally.

CNNMoney is reporting that Tesla has teamed with Mercedes-Benz to produce a Mercedes B-Class compact with a fully electric driven power train. The B-Class is not yet available in the United States, but the Tesla-charged version is scheduled to be released stateside early next year — in a few states at first, but more widely available over time. The U.S. will also be the first market for the electric edition compact.

NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW!

Tesla helped Mercedes develop and is manufacturing parts of the new car’s electric drive system, including the lithium ion battery pack, electric motors, on-board charger and other electronics. The B-Class will be a much smaller Mercedes than Americans are familiar with, as the company has yet to bring a compact model over the Atlantic, which have been widely available in numerous other markets for some time now.

More Articles About:   , , , , ,