- German automaker Daimler (DDAIF) says it has hedged itself against a drop in the share price of Tesla Motors (TSLA) after watching its 4.3% stake in the EV juggernaut have an adventuresome year.
- Currently, Tesla provides electric motors and batteries for Mercedes-Benz EVs. Execs with Daimler signaled further cooperation between the two companies in their remarks.
- What to watch: Sales for the Mercedes-Benz B-Class electric vehicle are forecast to be relatively light in the U.S. It's Tesla's development deal with Toyota (TM) that provides the most revenue upside.
Daimler hedges its bet on Tesla
Dec 21 2013, 11:26 ET