Daimler and Tesla have been working together in a limited capacity for some time now, but the two made their relationship official in a pretty big way earlier today, with Daimler announcing that it has bought a 10% stake in Tesla, and that it'll be lending a hand with both parts and engineering. Of course, as with most things Tesla, there's no firm price tag attached to the deal, although it's said to be in the "double digit millions." They're a bit more specific when it comes to the working relationship, however, which will apparently include Tesla "leveraging Daimler's engineering, production and supply chain expertise" in ways that'll "accelerate" bringing the Model S to production. Tesla will also reportedly work on battery pack integration and battery management systems for Daimler from here on out, and the two will continue to collaborate on Daimler's second-generation Smart ED electric vehicle that's slated to go into production later this year. Interestingly, as AutoBlog points out, the deal also gives Tesla access to the automotive lithium-ion cells being produced by Daimler subsidiary Li-Tec which, when we're talking about electric vehicles, is no small thing.

Before he was the patron saint of electric cars and GPUs, Nikola Tesla invented the AC motor, the Tesla coil (or, as he called it, the "coil"), and demonstrated that power could be transferred wirelessly. A hundred-plus years later, companies like Solaren Corp are angling to beam electricity down to earth from outer space -- quite possibly solving our energy crisis with science fiction means that would even make ol' Nicky T. look twice. But why should the big companies have all the fun? You too can experiment with wireless power, albeit on a significantly smaller scale, with merely a square wave generator, some coiled wire, a 60 watt bulb, and a few other low priced thingamabobs. Don't believe us? Hit that read link and see for yourself.

[Via Make]

Been itching to get your hands on a personal supercomputer, as NVIDIA's ad wizards put it? The company has just announced that its CUDA-based Tesla C1060 GPU is now available in Dell's Precision R5400, T5500 and T7500 workstations. And just to put things into perspective, NVIDIA points out that a Dell workstation rockin' a single Tesla C1060 has enough going on under the hood to power the control system for the European Extremely Large Telescope project ("the world's largest," apparently). According to one of the developers, Jeff Meisel at National Instruments, a workstation "equipped with a single Tesla C1060 can achieve near real-time control of the mirror simulation and controller, which before wouldn't be possible in a single machine without the computational density offered by GPUs." Wild, huh? If you're curious about the workout that Tesla GPUs are getting on a wide range of projects, from Bio-Informatics to Computational Chemistry to Molecular Dynamics and more -- or if you're merely a glutton for long-winded PR -- check out the good stuff after the break.

This isn't fully official just yet, but a recently leaked Car and Driver interview with Tesla CEO Elon Musk looks to have all but confirmed that the company received some funding from GE Capital as part of its current $40 million haul. While the exact amount GE has invested isn't clear, the company is apparently the second-largest investor in this round of financing, behind only Musk himself. As you're no doubt aware, this is on top of the $350 million in loans that Tesla is apparently close to securing from the U.S. government, which isn't exactly enough for it to rest easy given its ambitions, but is at least slightly encouraging for folks itching to get behind the wheel of a Model S. Musk even goes one step further in an attempt to assure potential customers in the interview, saying that "even in the worst case of an Armageddon scenario, I'll personally refund people [their money] if need be," adding quickly that he thinks there's "very little danger of that."

Update: According to Earth2Tech, this deal is off the table... and may have never been on it to begin with. GE Capital was apparently "closely watching" Tesla, but there had been no official deal. When the site reached out to Tesla, here's what they had to say:

GE had committed to invest in Tesla and sent an e-mail confirming the investment, but GE backed out on the day it was supposed to wire funds to Tesla. The decision came after GE went into company-wide capital conservation mode.

So, really, no kind of investment at all. If you were a Tesla shareholder, you'd probably be thinking about putting a tighter leash on Elon Musk right around now.

Update 2: Here's a statement directly from Tesla:

GE has not invested in Tesla.

When Car & Driver interviewed Elon Musk a couple months ago, GE had committed to invest in Tesla and had sent an e-mail confirming the investment. But GE backed out on the day it was supposed to wire funds to Tesla. The decision came after GE went into company-wide capital conservation mode.

In any case, GE's investment allocation was taken up by venture capital firms Westly Group, Technology Partners and Draper Fisher Jurvetson, and Tesla closed the $40 million round without a problem earlier this year.

Read - GE Invests In Tesla
Read - GE "Watching" Tesla, Does Not (Yet) Invest

With a promised price tag of less than $50,000 (after a $7,500 federal tax credit), the new Tesla Model S sedan is certainly a good deal cheaper than Tesla's pricey roadster, not to mention its competitors, but according to Tesla CEO Elon Musk, it's actually quite a bargain compared to your run-of-the-mill sedan as well. As Musk tells it, "the ownership cost of Model S, if you were to lease and then account for the much lower cost of electricity versus gasoline at a likely future cost of $4 per gallon, is similar to a gasoline car with a sticker price of about $35,000." Musk further adds that the Model S would still be a bargain "even if gasoline were $1 per gallon," saying that it costs just $5 to drive 230 miles. Of course, all of that assumes that you'll actually be able to get your hands on the car one of these days, but Musk seems confident that'll happen as well, saying that the company is "close" to receiving $350 million in loans from the U.S. Department of Energy, which would be used to build the plant in California that would manufacture the Model S.