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Did Daimler Miss A Trick By Not Buying Tesla? Analyst Says 'Worse Than Blockbuster Not Buying Netflix'

Benzinga LogoBenzinga2 mo ago

Did Daimler Miss A Trick By Not Buying Tesla? Analyst Says 'Worse Than Blockbuster Not Buying Netflix' - Benzinga

Quick Summary:

Tesla Inc.(NASDAQ: TSLA) has emerged as the frontrunner in the global electric vehicle market, overcoming teething problems and a funding crunch in 2018 that nearly led to its bankruptcy.What Happened: In 2019.the company received a lifeline from German automaker Daimler, which has now renamed itself as Mercedes-Benz Group AG (OTC: MBGAF).

Tesla bull Ross Gerber, co-founder and CEO of Gerber Kawasaki Wealth And Investment Management, suggested that it's a missed opportunity that Daimler did not go on to buy Tesla.“Worse than blockbuster not buying Netflix early.

Daimler owned 9% of Tesla for $50 mil and sold very early on,” Gerber said.


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Did Daimler Miss A Trick By Not Buying Tesla? Analyst Says 'Worse Than Blockbuster Not Buying Netflix' - Benzinga (Picture 1)

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Article Details

Author / Journalist: Shanthi Rexaline

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-25 @ 12:49:20 (2 months ago)

News Timezone: GMT +8:00

Ranking: #365 (out of 2166 stories this day)

News Source URL: benzinga.com

Language: English

Article Length: 360 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 1931936

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 10 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 1 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #53

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