Mercedes’ parent company, Daimler, has announced that it is selling its stake in Tesla – and pocketing a massive $780 million profit in doing so. And so, the rumor mill has already begun. Who’s next? What’s next? The main rumor that has caught our interest concerns Tesla and BMW.
Forbes went ahead and jumped on the speculation bandwagon, pointing out that Daimler’s sale could “clear the way for BMW”. Here at Casey BMW, we have to say, we don’t hate the idea—after all, the two companies would make a nice fit. According to the article, the two companies have been in talks and executives have met to discuss how to standardize a charging network for electric cars.
In a partnership with BMW, Tesla would gain access to the luxury automaker’s carbon fiber technology and production—an important lightweight material used in the construction of electric cars. BMW would gain Tesla’s world-renowned battery technology.
Strategy & Investment analyst Arndt Ellinghorst points out that Tesla’s relationship with Daimler has been deteriorating. “In our view, the ties between the two companies have loosened over time. From Tesla’s perspective it may be more interesting to work with BMW going forward, given BMW’s carbon fiber technology, than with Mercedes on the B-class.”
Currently, Tesla supplies electric motors and batteries for the Smart ForTwo electric vehicle and the Mercedes B-class electric car, though if a relationship with BMW does materialize, we can’t wait to see what would be next.