ICYMI: Daimler Picked Up A Tesla Stake 14 Years Ago But Eventually Cashed Out; Analyst Says It's 'Worse Than Blockbuster Not Buying Netflix'
Portfolio Pulse from Shanthi Rexaline
Daimler, now known as Mercedes-Benz Group AG (OTC:MBGAF), had a 9% stake in Tesla Inc. (NASDAQ:TSLA) 14 years ago, valued at $50 billion, but eventually divested all of it. Analysts compare this to Blockbuster not buying Netflix early on.
November 25, 2022 | 12:49 pm
News sentiment analysis
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NEGATIVE IMPACT
Daimler's missed opportunity of selling its 9% stake in Tesla 14 years ago is compared to Blockbuster not buying Netflix early on.
Daimler's decision to sell its stake in Tesla is seen as a missed opportunity, similar to Blockbuster not buying Netflix. This comparison highlights the potential loss in value for Daimler and may negatively impact investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
The comparison of Daimler's divestment of its Tesla stake to Blockbuster not buying Netflix early on highlights the potential loss in value for Daimler.
The comparison between Daimler's divestment of its Tesla stake and Blockbuster not buying Netflix early on is used to illustrate the potential loss in value for Daimler. This news does not directly impact Netflix's stock price or performance in the short term.
CONFIDENCE 80
IMPORTANCE 25
RELEVANCE 25
NEUTRAL IMPACT
Daimler's divestment of its 9% stake in Tesla 14 years ago is seen as a missed opportunity, with Tesla now leading the electric vehicle market.
While Daimler's divestment of its stake in Tesla is seen as a missed opportunity, it does not directly impact Tesla's current performance or stock price. Tesla's leadership in the EV market is already well-established, and this news is unlikely to have a significant short-term impact.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50