Is BMW buying a stake in Tesla?

BMW i | October 23rd, 2014 by 14
2014 bmw i8 tesla model s front end in motion 750x500

Daimler is selling its stake in the premium electric car maker Tesla. Mercedes parent Daimler sold its four per cent stake in Tesla Motors and …

Daimler is selling its stake in the premium electric car maker Tesla. Mercedes parent Daimler sold its four per cent stake in Tesla Motors and pocketed a $780 million profit. Daimler announced the sale but not the end of their cooperation.

Tesla supplies electric motors and batteries for the Smart ForTwo electric vehicle and the Mercedes B-class electric car.

Forbes published an article today hinting at the fact that BMW might be interested to purchase a stake in Tesla as well. The two companies have been in talks recently and visited each other to discuss future collaborations and the state of electric cars.

bmw i3 vs tesla s 750x750

Earlier this year Tesla said it would allow competitor car companies to share its patents, in the hope this would stimulate the overall market for electric cars.

Tesla would be interested to partner with BMW to gain access to the carbon fiber production and technology, an essential lightweight material in construction of light electric cars. In exchange, BMW would benefit from Tesla’s battery technology and its future production at the California Nevada plant.

READ ALSO: BMW and Tesla Taking Different Approaches, But Will Ultimately Face Off

While these are simply rumors and speculations at the time, things could change in the future, considering how much BMW and Tesla need each other, at least for now when they don’t compete head-to-head in the electric car segment.

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