Sunday, November 27, 2022
News Add Daimler To The List Of Those Who Undervalued Tesla Stock

Add Daimler To The List Of Those Who Undervalued Tesla Stock

The company sold off its 5 million shares of Tesla stock now worth $7.3 billion

  • Daimler was a major shareholder of Tesla stock, but sold its shares in 2014

  • The 5 million shares are worth billions today


Daimler made a critical financial mistake In 2014 that still hurts today.

Investing isn’t easy and we all have buy and sell orders we’d like to take back. Our miscalculations are probably not worth $7.3 billion, however.

That’s how much the 5 million shares of Tesla owned by Daimler would be worth today if they hadn’t been sold off in 2014. Their current value is equivalent to two-thirds of Daimler’s net cash holdings, according to Bloomberg.

Automakers have been hit hard by the coronavirus pandemic. There’s no question $7.3 billion would be a welcomed addition to Daimler’s financial statements. On the other hand, the Mercedes-Benz owner has shown above average results despite the difficult market. It’s shares have rallied 80 percent since falling in March.

Mercedes-Benz sales have increased YOY in June, a rare sight in an industry has has seen massive sales drops in recent months.

Daimler is considered the world’s largest premium automaker and Mercedes-Benz has consistently outsold its main rivals BMW and Audi in almost every segment worldwide.

Goes to show that anyone can make mistakes when it comes to the stock market. Hopefully this makes you feel better about those Amazon shares you sold off 10 years ago.

Trending Now

Fiat Unveils the Abarth 500e with 153 horsepower and Faster Charging

The Abarth 500e is a more dynamic version of the electric Fiat. The increase in power allows it to reach 100 km/h two...

VW’s Scout Brand Now has a Website and Another Teaser

The first Scout electric SUVs will be launched in 2026. The website hosts two teasers, including a new one that shows the front...

The First Ultium-Based Buick SUV will be Launched in China by the End of the Year

China is the largest market for the Buick brand. This five-seat SUV will reach its first customers at the beginning of 2023. A...

Tesla Now Has 1,5 Million Reservations for the Cybertruck

The controversial truck reportedly received 250,000 reservations within a week of its launch in 2019. The company now says production will begin in...

No truck for Volkswagen anytime soon

Priority number one is to strengthen Volkswagen's SUV lineup in North America. Scout Motors's EV platform won't be used for an electric Volkswagen...
Charles Jolicoeur
Charles Jolicoeur was studying to be a CPA when he decided to drop everything and launch a car website in 2012. Don't ask. The journey has been an interesting one, but today he has co-founded and manages 8 websites including EcoloAuto.com and MotorIllustrated.com as General Manager of NetMedia360. He also sits on the board of the Automotive Journalists Association of Canada. Send me an email

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.