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| Joined: | Mon Nov 21st, 2005 |
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From the what-a-world department: Daimler AG's $50 million investment in Tesla Motors this week means the San Carlos electric car maker is worth roughly half the value of the world's largest auto manufacturer, General Motors Corp. With one roadster on the market and one sedan in prototype, Tesla, thanks to Daimler's 9 percent stake, is valued at $550 million. GM sold 8.35 million vehicles worldwide in 2008; its market value as of Thursday was $1.17 billion, based on the closing stock price of $1.92.
"It's sort of amusing," remarked Tesla co-founder Martin Eberhard.
And where does the bail-out money go?