Automotive Forums .com - the leading automotive community online! Automotive Forums .com - the leading automotive community online!
Automotive Forums .com - the leading automotive community online! 
-
Latest | 0 Rplys
Go Back   Automotive Forums .com Car Chat > Tesla Motors > General Discussion
Reply Show Printable Version Show Printable Version | Email this Page Email this Page | Subscription Subscribe to this Thread
 
Thread Tools
Old 08-03-2011, 09:21 PM   #1
AF News Desk
Your Source For Auto News
 
AF News Desk's Avatar
 
Join Date: Mar 2011
Location: Champaign, Illinois
Posts: 337
Thanks: 41
Thanked 57 Times in 30 Posts
Post Breaking: Tesla Reportedly Discussing $1 Billion Toyota Partnership

Despite closing a research and development center and a satellite office in New York recently, Tesla indicates they are poised to make a significant partnership with Toyota.

Though some of you may be familiar with the partnership established last month to produce the Electric Rav4, this partnership possibility stands to be worth nearly $900 million more.

While details are still developing, it looks as though - based on recent earnings reports - that Tesla believes there can be a extremely beneficial.

The latest from AutoObserver.com:

Quote:
Originally Posted by Auto Observer, 8/3/11

Tesla Says It's Talking $1 Billion Deal With Toyota


Tesla is best known for their electric Roadster sports car and is reportedly working on a sedan model.

Tesla Motors CEO Elon Musk announced Wednesday that the Silicon Valley EV maker is negotiating a potential $1 billion deal with Toyota.

In a conference call with analysts, Musk said the just-ended second quarter was the best in Tesla's history, with tremendous demand for the Roadster sports car and the upcoming Model S sedan—both battery-electric vehicles—as well as signing a $100 million deal with Toyota, and "we're in discussions with them for a deal that is an order of magnitude larger than that."

A Tesla official later confirmed to AutoObserver that by "order of magnitude," Musk was stating that the 8-year-old company was discussing a $1 billion deal with the world's largest automaker.
[[[[[[[[OUR VIEW]]]]]]]]

This could be a very interesting partnership with huge implications on the electric vehicle race. Toyota, who has already done considerably well with their hybrid Prius lineup, could take the definitive lead in the EV race.

What do you all think? Does this put Toyota over the top or does this merely make them a contender?
__________________
-----------------------------------
Have a news tip/idea? Let us know!

Email newsdesk@automotiveforums.com or send us a private message with a link to the content you think AF Members should check out!
AF News Desk is offline   Reply With Quote
 
Similar Threads
Thread Thread Starter Forum Replies Last Post
1998 Toyota 4Runner Possible Misfire bloomer510 4Runner/GX470 9 11-04-2015 06:18 PM
Breaking: Tesla Reportedly Discussing $1 Billion Toyota Partnership AF News Desk General Discussion 1 08-28-2011 01:20 PM
Lamborghini Diablo = "Sensational True Story" = Billion Dollars Syndicate Case carrolltrust Lambocars.com Suggestions/Feedback 0 01-03-2011 12:35 PM
Toyota Tercel just up and died Mcalla7293 Tercel 3 03-24-2009 09:23 PM

Reply

POST REPLY TO THIS THREAD


Tags
rav4 , roadster , tesla , toyota
Go Back   Automotive Forums .com Car Chat > Tesla Motors > General Discussion

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 05:25 PM.

Community Participation Guidelines | How to use your User Control Panel

Powered by: vBulletin | Copyright Jelsoft Enterprises Ltd.
 
 
no new posts