Tesla Developing a Mercedes Electric Vehicle

MB A-Class electric

Amid reports of losses and progress by Tesla Motors to develop its own lineup of electric vehicles comes news that the carmaker is also helping Mercedes-Benz to develop its own EV.

In Tesla's latest filing with the Securities and Exchange Commission, the electric startup says it is fully developing a powertrain for a new all-electric Mercedes vehicle. Tesla will design the electric motor, gearbox, inverter and software that will go into the EV, according to the filings.

This project is separate from another one in which Tesla is contracted to give 1,000 lithium-ion battery packs to Mercedes. In exchange, Mercedes made a large investment in Tesla and now owns about 10% of the company.

Tesla continues to help develop an electric powertrain for the Toyota RAV4 EV, which is scheduled to go into production in the middle of this year.

Tesla also announced year-end revenue of $204 million, up 75% from 2010. Despite bringing in more money, Tesla lost about $254 million in 2011, which is a 65% increase in losses compared with 2010. Tesla expects revenue to increase significantly in 2012 once the Tesla Model S goes on sale. The company forecasts year-end revenue to increase to around $550 million to $600 million, with most of the money coming from the latter half of 2012.

Comments 

Amuro Ray

This is sad news to the EV world indeed, imho.

This tells me that MB is throwing in the towel in R&D, and just outsourced the entire thing to Tesla. FYI, Tesla was supplying the battery to the 2nd gen Smart EV, but MB "was" moving the development in-house for the 3rd gen. Not sure how it's going to be like now.

chubby

The Germans will need lots of help to catch up to GM.

Amuro Ray

GM?

You mean Nissan or Tesla, right?

When's the last time you've seen a GM EV?

Outsourcing their R&D to good old California. I can live with that!

Dan

Eh, Tesla's just so far ahead of everyone else in EV development that this makes sense.

chubby

Tesla`s system is based on work done by the main engineer who worked on GM`s milestone EV-1. Tesla stands on GM`s shoulders and now Mercedes does too.

Post a Comment 

Please remember a few rules before posting comments:

  • If you don't want people to see your email address, simply type in the URL of your favorite website or leave the field empty.
  • Do not mention specific car dealers by name. Feel free to mention your city, state and brand.
  • Try to be civil to your fellow blog readers. This blog is not a fan or enthusiast forum, it is meant to help people during the car-buying process and during the time between purchases, so shoppers can keep a pulse on the market.
  • Stay on topic. We want to hear your opinions and thoughts, but please only comment about the specified topic in the blog post.
view posting rules

If you have a TypeKey or TypePad account, please Sign In

Search Results

KickingTires Search Results for

Search Kicking Tires

KickingTires iPhone App
Ask.cars.com