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Daimler Picked Up A Stake In Tesla 14 Years Ago —But What Happened Next Was 'Worse Than Blockbuster Not Buying Netflix'
Friday, May 19, 2023 - 3:49am | 565An opportunity cost of an investment decision may haunt Daimler, which currently goes by the name Mercedes-Benz Group AG (OTC: MBGAF) after some divestments. Fourteen years ago, the legacy automaker took a 9% stake in Tesla Inc. (NASDAQ: TSLA), valued at $50 billion but eventually...