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How Tesla defined a new era for the global auto industry

Updated : July 22, 2020 12:41 PM IST

Daimler and Tesla began collaborating after Mercedes engineers, who were developing a second-generation electric Smart car, bought a Tesla Roadster.
The collaboration expanded. At a joint press conference in the Mercedes-Benz museum in Stuttgart in May 2009, Tesla said the partnership would "accelerate bringing our Tesla Model S to production and ensure that it is a superlative vehicle".
Today, Tesla is worth nearly USD 304.6 billion, more than six times Daimler's 41.5-billion-euro (USD 47.7 billion) market capitalization.
How Tesla defined a new era for the global auto industry

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