News broke last Thursday that Daimler, Mercedes’ parent company, was investing $1 billion in its Alabama plant to start building an electric SUV in 2020.
Many outlets said the investment was an obvious challenge to Tesla, a formidable competitor in the US’ electric space that plans to build its own compact SUV, the Model Y, in 2020. Tesla CEO Elon Musk, however, begs to differ.
“That’s not a lot of money for a giant like Daimler/Mercedes. Wish they’d do more. Off by a zero,” Musk said on Sunday on Twitter.
Musk has long welcomed competition in the electric-vehicle space, saying it will help speed the growth of sustainable transportation. He open-sourced patents in 2014 as part of that aim.
Musk’s comment supports his stance that automakers with a bigger cash cushion should do more to advance electric cars.
“It doesn’t really harm Tesla but helps the industry,” Musk said during a 2014 call, “And I think actually it will help Tesla, mostly…
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