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How Tesla defined a new era for the global auto industry

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Filed under: Green,Plants/Manufacturing,Read This,Mercedes-Benz,Tesla,Toyota,Green Automakers,Emerging Technologies,Electric,Future

tesla-model-y-musk-reuters.jpg Tesla Inc's rapid rise to become the world's most valuable carmaker could mark the start of a new era for the global auto industry, defined by a Silicon Valley approach to software that is overtaking old-school manufacturing know-how. Tesla's ascent took many investors by surprise. Daimler, which bears the name of the man who invented the modern car 134 years ago, bought a nearly 10% Tesla stake in May 2009 in a deal which provided a $50 million lifeline for the struggling start-up.

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How Tesla defined a new era for the global auto industry originally appeared on Autoblog on Sun, 26 Jul 2020 08:01:00 EDT. Please see our terms for use of feeds.

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