Elon Musk throws down the gauntlet and challenges Mercedes to spend more than $1 billion on electric cars

Daimler responded to Musk’s tweet, noting that it said in Nov. 2016 that it would spend $10 billion on next-generation electric vehicles and $1 billion on battery production.

EQ: Electric Mobility & Electric Cars – CASE | Daimler

The future is electric. That is why we are setting the course for tomorrow today. We prove this with our brand for intelligent electric mobility: EQ – Electric Intelligence.

 

Musk replied with a simple “good.”

Daimler has been cutting checks to help advance divisions that go after Tesla’s core businesses, from home energy to electric vehicles.

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