Media outlets are reporting today that German automaker and Mercedes parent Daimler AG has acquired a stake in Silicon Valley electric-car builder Tesla Motors. Word is, Daimler's nearly 10 percent buy is the latest component in the company's plan to expand production of cars that rely on the power grid, not dead dinosaurs, for motivation.
Daimler and Tesla are already partners, collaborating on batteries and control systems for an electric version of Daimler's two-seat Smart ForTwo. Forbes puts the stake at somewhere in the “double-digit millions” range. Tesla founder and chief executive Elon Musk says the deal will let the two companies work more closely on developing better battery and electric drive systems for vehicles, and help Tesla bring its new Model S sedan to market faster and at a higher quality.
Five amazing, clean technologies that will set us free, in this month's energy-focused issue. Also: how to build a better bomb detector, the robotic toys that are raising your children, a human catapult, the world's smallest arcade, and much more.