Mercedes Looks to End B-Class Components, Battery Partnership with Tesla (TSLA)

Diamler AG's Mercedes-Benz unit will move to end its partnership with Tesla Motors (Nasdaq: TSLA) as the German automaker moves to produce components for its B-Class Electric Drive car in house.

According to Auto-Motor-Und-Sport.de Mercedes will still want to purchase batteries for the vehicle, but there was no indication of where they would procure those.

It also wasn't made specific when the partnership would end, though it might be expected sooner rather than later.

Notably, Daimler sold the remaining 4 percent stake it held in Tesla last October, but said the move wouldn't affect the cooperation between the two companies.

Tesla is down 0.9 percent Wednesday.

You May Also Be Interested In

• Tesla (TSLA) Lays Off Hundreds Of Autopilot Employees In California - Bloomberg
• Active options: TSLA AAPL AMZN AMC NKE NVDA BAC HOOD META
• Judge orders new trial in Tesla worker's race bias lawsuit