Cars
We are more than aware that this doesn't mean squat in the real world, but nevertheless it's something worth noting. Last Wednesday's announcement that Mercedes-Benz parent company Daimler AG's paid $50 million US or about €37 million to acquire a 10 percent stake in Tesla Motors, means that the value of the California-based maker of electric cars is $550 million US, or 47 percent of what General Motors is worth today based on the firm's current stock price ($1.17 billion US)! Needless to say, GM's stocks have taken a deep plunge lately as the June 1 government-imposed bankruptcy deadline looms.
- Gm Plans To Buy Back 200 Million Shares From The U.s. Treasury For Us$5.5 Billion
When should one sell their stocks? Well, that’s a question faced by each and every stock holder around the globe. The U.S. Department of the Treasury, which after the 2009 bailout, owns 32 percent of General Motor stock, has been deliberating...
- Mercedes-benz' Parent Company Sells Tata Motors Stake
Daimler AG, the company that owns Mercedes-Benz, today sold its entire 5.34% stake in India's Tata Motors ending a relationship that stretches back more than five decades. The German firm said that the sale of 25.6 million shares will generate approximately...
- Mercedes-benz Parent Company To Announce New Electric Vehicle Partner - Could It Be Tesla?
In a few hours from now, Mercedes-Benz's parent company Daimler AG, will announce details on a new "strategic cooperation" for its electric car business. While the German firm did not disclose the name of its partner, rumor has it that it could be...
- Tesla Wants $400 Million Bailout Loan - Anyone Else?
Everyone wants a piece of the (bailout) pie; even tiny Tesla Motors. The Associate Press reported that the Silicon Valley-based electric car joined Detroit's Big Three automakers in their bid to get a $25 billion government aid. Tesla was said to...
- Tesla And Eberhard
First, Tesla Motors founder Martin Eberhard's titles have quickly downgraded from lofty heights. Co-founder and CEO; to President; to a member of the advisory board. It now appears that Mr. Eberhard was... shall we say, fired? His words at this forum...
Cars
Fact of the Day: Tesla Motors Worth Half of GM's Value!
We are more than aware that this doesn't mean squat in the real world, but nevertheless it's something worth noting. Last Wednesday's announcement that Mercedes-Benz parent company Daimler AG's paid $50 million US or about €37 million to acquire a 10 percent stake in Tesla Motors, means that the value of the California-based maker of electric cars is $550 million US, or 47 percent of what General Motors is worth today based on the firm's current stock price ($1.17 billion US)! Needless to say, GM's stocks have taken a deep plunge lately as the June 1 government-imposed bankruptcy deadline looms."It's sort of amusing to see the valuation being half of General Motors," remarked Tesla co-founder Martin Eberhard in an interview today. "There always seems to be this huge disparity between the stock price of high-growth Silicon Valley companies and blue-chip companies that are reasonably mature."
Via: Bloomberg
- Gm Plans To Buy Back 200 Million Shares From The U.s. Treasury For Us$5.5 Billion
When should one sell their stocks? Well, that’s a question faced by each and every stock holder around the globe. The U.S. Department of the Treasury, which after the 2009 bailout, owns 32 percent of General Motor stock, has been deliberating...
- Mercedes-benz' Parent Company Sells Tata Motors Stake
Daimler AG, the company that owns Mercedes-Benz, today sold its entire 5.34% stake in India's Tata Motors ending a relationship that stretches back more than five decades. The German firm said that the sale of 25.6 million shares will generate approximately...
- Mercedes-benz Parent Company To Announce New Electric Vehicle Partner - Could It Be Tesla?
In a few hours from now, Mercedes-Benz's parent company Daimler AG, will announce details on a new "strategic cooperation" for its electric car business. While the German firm did not disclose the name of its partner, rumor has it that it could be...
- Tesla Wants $400 Million Bailout Loan - Anyone Else?
Everyone wants a piece of the (bailout) pie; even tiny Tesla Motors. The Associate Press reported that the Silicon Valley-based electric car joined Detroit's Big Three automakers in their bid to get a $25 billion government aid. Tesla was said to...
- Tesla And Eberhard
First, Tesla Motors founder Martin Eberhard's titles have quickly downgraded from lofty heights. Co-founder and CEO; to President; to a member of the advisory board. It now appears that Mr. Eberhard was... shall we say, fired? His words at this forum...