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Daimler, Mercedes-Benz’s parent company, announced last week a $1 billion investment in electric car and battery production in the US.



As with any new EV investment from a legacy automaker, the media painted it as an “attack on Tesla“, but Elon Musk, Tesla’s CEO and largest shareholder, doesn’t seem too worried about it

The German automaker is investing $1 billion over the next 5 years to start producing electric vehicles in the US.



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Tesla's Musk Wishes Mercedes Would Get Serious About Competing - Add A Zero To That $1 Billion EV Investment

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