Earlier quoted context omitted.
Can't argue that Tesla's smaller than Mercedes when Tesla's market cap is so much larger. In 2021, at it's peak Tesla's market cap crossed $1.2 Trillion. Daimler at it's peak this year only reached $81 Billion (although climbing). Why couldn't Tesla just buy out Daimler? Even now Tesla sitting at a valuation of $372 Billion. It could happen tomorrow. Tell me Elon's the savvy businessman you claim him to be. If Gates…
Buying a major car company is buying a whole heap of liabilities and depreciating assets. The major value drivers (contributors to market cap) are brand, patent portfolio, and future revenues from existing capex. Tesla doesn't want to support the supply chain of new and used parts for a legacy car company, they can barely keep up with their own (and they only make 4 models!).
Let's drop the BS, please.
Mercedes is a car company. They are not legacy anything. They're the inventor of the car and a myriad other innovations.
They're making a ton of EVs and will sell a ton more next year and the year after that.
They have AR navigation and now are close to L3 self driving.