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Is Tesla really worth $550 million? Daimler apparently thinks so

During Tuesday's announcement that Daimler was buying a 10 percent stake in Tesla Motors, Mercedes-Benz R&D boss Dr. Thomas Weber would only say that the company paid in the "double digit millions" for its share. That implies somewhere between $10 and 99 million. TechCrunch's Mike Arrington specializes in digging up information on Silicon Valley startups and according to his sources, the actual amount that Daimler paid is $50 million for nine percent of Tesla. If they did pay that much, and based on Arrington's history, there is no ... Read more →

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