Toyota is partnering with Tesla to make electric cars.
Toyota has made a deal to buy the initial $0 million dollars of
Telsa's upcoming $00 million dollar initial public stock Tesla has
lost more than $36 million since its founding in 2003.. With Toyota's
financial support and a 2009 $65 million federal government loan
package, Tesla has purchased and will run independently the closed
Fremont, California NUMMI (GM/Toyota) plant to make about 20,000 Tesla
Model S electric sedan vehicles per year which Tesla hopes to sell for
about $0,000 each in 2012. Tesla has about 20000 reservations to
purchase the Model S. Tesla plans to increase its staff by about 50
employees per month and bring 1000 employees working at the Fremont
when the factory becomes fully operational. For its part in the
partnership, Tesla will share its drive-train technology with Toyota.
Toyota hopes to use the Tesla drive train in a new Toyota model.
The partnership and reopening of the NUMMI factory come as a surprise
to many. Tesla was widely expected to set up shop in an old NASA
facility in the Los Angeles suburb of Downey.
Toyota, Tesla Team Up on EV
ChuckSquatrigla. May 20 2010. Autopioa. Wired.com
Tesla joins with Toyota to reopen Nummi plan
Tom Abate and David R Baker
San Francisco Chronicle. Friday May 21 2010
Toyota's Tesla gambit different from GM Venture
David R Baker
San Francisco Chronicle. Saturday May 22 2010
Toyota to invest $0M in Tesla electric car plant
Daisy Nguyen. Associated Press
San Francisco Chronicles Thur May 20, 2010
On Sat, 22 May 2010 04:43:02 -0700 (PDT), Neo
There's another $65 million of our tax dollars down the drain.
Electric vehicles OUGHT to cost well under $0,000.
Check out the Hot Cocoa Party
On Sat, 22 May 2010 15:03:03 -0700, Michelle Steiner
So they will reach a mass market, not just the elite who buy BMW and
Mercedes and Lexus and the like.