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Comment by est31 | Hacker News Reader

Not the first time an established car manufacturer prevents Tesla from dying. Ten years ago, in 2009, Daimler Benz invested about 50 million USD into Tesla for a 9% stake. This saved them. Not my words, but Elon's: https://www2.greencarreports.com/news/1074375_elon-musk-daim...

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> They also represent the first acknowledgments from carmakers that they’re turning to Tesla for help to comply with intensifying U.S. environmental regulations.

I don't know how you manage to spin the article the opposite way. If anything is bailing out Tesla, it's the US govt providing the credits, not car manufacturers.

Established car makers have established themselves so well by not paying for the health and environmental damage their products cause. We have all subsidized them by paying to deal with their mess (in cash and in consequences).

To frame this as if GM has paid own its way and made its fortune without help, and now is benevolently helping Tesla, is misleading.

Daimler-Benz itself was created to prevent imminent death of two automobile makers

did not prevent death,,US took over retirement plans of two automakers..that is death right there no matter what the remains become as it means you have more retirees than workers..ie firm decline

The poster was referring to a different time:

Because of the post World War One German economic crisis, DMG merged in 1926 with Benz & Cie., becoming Daimler-Benz and adopting Mercedes-Benz as its automobile trademark.

https://en.wikipedia.org/wiki/Daimler_Motoren_Gesellschaft

Indeed I was

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