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as of
11:56AM ET 5/19/2009DJIA8521.6817.65/19/2009 11:56:00 AM NASDAQ1733.461.15/19/2009
11:55:00 AM S&P500912.72.995/19/2009 11:55:00 AM QUOTE:

California electric car company Tesla teams with Daimler
========================================================

The German automaker buys an almost 10% stake in the San Carlos
company, which had recently turned to low-cost federal loans for
financing.By Martin Zimmerman
8:48 AM PDT, May 19, 2009 German automaker Daimler said today it had
bought an almost 10% stake in Tesla, giving a financial boost to the
California-based electric car company.

Daimler, which owns Mercedes-Benz, didn't disclose the amount of the
investment, saying only life insurance when priced independent clothing custom poker cards the amount was in
"eight indie clothes * Tesla Model S electric best life insurance Photos: Tesla Model S electric car
----------------------------------

* Tesla Motors plans to build Model S all-electric sedan in Southland

Tesla Motors plans to build Model S all-...
-------------------------------------------

In January, Daimler selected Tesla to provide batteries and promotional playing cards for the German company's Smart EV electric car. The investment in
Tesla imprinted playing cards motorcycle insurance partners to collaborate even more closely on the
development of battery systems, electric drive systems and in
individual vehicle projects," the companies streetwear style in a press release.

Tesla currently makes the $109,000 all-electric two-seat roadster. In
March, the San Carlos-based company unveiled a prototype of its
$57,400 Model S electric sedan. Tesla plans to build the car, which
gets 160 to 300 miles on a single charge-up depending on the version,
at a plant in Southern California beginning in late 2011

Tesla was poker cards unable to complete a $100-million round of venture
funding and had turned to low-cost federal loans as an option for
financing.

Teaming with Daimler will give Tesla access to the German company's
"engineering production and supply chain expertise," Tesla Chief
Executive Elon Musk said in a statement.

"This will accelerate bringing our Tesla Model S to production and
ensure that it is a superlative vehicle on all levels."

The deal expands Daimler's access to Tesla lithium-ion battery
technology. Under the agreement announced in January, Tesla agreed to
provide 1,000 of the advanced batteries to Daimler this year and next.

As part of the deal, Herbert Kohler, Daimler's vice president of
electric-drive systems, will become car insurance member of Tesla's board of
directors.

martin.zimmerman@latimes.com

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