When Tesla was still in its infancy, it got a little help from Daimler AG, the parent company of Mercedes-Benz, in the form of a 50 million dollars investment, representing a 10 percent stake! Now, Tesla is returning the favor by buying Mercedes completely! Why is Tesla buying Mercedes, and what are the benefits of the purchase to Tesla? Join us as we bring you the inside story of how Tesla’s insane new plan to buy Mercedes changes everything!
If you look at the table of automobile companies ranked by their market capitalizations, you will notice the steep drop from the first to the second position! Tesla occupies the top stop, hovering near a trillion-dollar valuation. The company had even spent weeks in the exclusive trillion-dollar valuation club occupied by Google, Apple, Amazing, Saudi Aramco, and Microsoft! However, Musk having to sell his shares is taking a toll on the stock price.
