Mercedes-Benz announced a Tesla Motors (TSLA 2.07%) powered vehicle yesterday. This is the latest win for the electric vehicle company, adding to a powertrain deal with Toyota (TM 0.59%) and its own Model S. Analyst Travis Hoium tells why he's excited about this latest move, and what to think about Tesla going forward.
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Another car powered by Tesla Motors.
About the Author
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
Fool contributor Travis Hoium has no position in any stocks mentioned. The Motley Fool recommends General Motors and Tesla Motors. The Motley Fool owns shares of Tesla Motors. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Stocks Mentioned
Toyota Motor
TM
$192.21
(0.59%)
$1.12
General Motors
GM
$61.24
(0.44%)
$0.27
Tesla
TSLA
$453.93
(2.07%)
$9.21
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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