News broke last Thursday that Daimler, Mercedes’ parent company, was investing $1 billion in its Alabama plant to start building an electric SUV in 2020.
Many outlets said the investment was an obvious challenge to Tesla, a formidable competitor in the US’ electric space that plans to build its own compact SUV, the Model Y, in 2020. Tesla CEO Elon Musk, however, begs to differ.
“That’s not a lot of money for a giant like Daimler/Mercedes. Wish they’d do more. Off by a zero,” Musk said on Sunday on Twitter.