April 23, 2014
09:43 EDT TSLA
theflyonthewall : Tesla, Mercedes partner to develop 115-mile range EV, ExtremeTech reports
Tesla (TSLA) is teaming up with Mercedes (DDAIF) to manufacture a family-sized electric vehicle, or EV, with a range of 115 miles, reports ExtremeTech. The Mercedes-Benz B-Class Electric Drive will be available in the U.S. in early 2014, the site adds. Reference Link :theflyonthewall
Looks like the collaboration is moving forward in earnest and it wouldn't be surprising to see MB take a larger stake in Tesla. Imagine what the shares will do then.