Tesla To Supply Battery Packs For The Smart EV

We've just learned Tesla will support its troubled business by building 1,000 Smart EV battery packs and chargers for Mercedes.

Tesla CEO Elon Musk confirmed to us the rumored partnership between Mercedes and Tesla for Smart EV battery packs and chargers is for real in an interview at the 2009 Detroit Auto Show.

Correction: A version of this story included a line stating the new EV will cost $49,900. This is a price for a different vehicle.