Toyota Partners With Tesla to Make Electric Cars!

by , 05/21/10

Tesla Model S Sedan, Tesla Toyota Merger, Tesla Toyota partnership, Tesla Toyota investment, electric vehicle, electric roadster, electric car, EV, green tech, green design, cleantech

Here’s some news that’s sure to get green car fans revved up: Toyota just announced that it will invest $50 million in Tesla Motors and the two companies will partner to manufacture electric vehicles to meet California’s growing demand for greener cars. Bay Area residents should be especially excited, as this venture is expected to create thousands of new jobs to San Francisco, and is sure to be a boon to California’s flagging economy. Tesla fans as well should rejoice as the new partnership will allow the EV start-up to bring its highly coveted, iconic design to more affordable electric vehicles like the Model S sedan, which will sell for $49,900 and gets 300 miles on a 3-5 hour charge.

This exciting new partnership will unfold at the ‘New United Motor Manufacturing Inc’ (aka Nummi) in Fremont — a recently shuttered GM/Toyota auto plant which will re-open under the Tesla/Toyota partnership to produce the Model S sedans. Up until this partnership was announced, Tesla had been searching for a site where they could manufacture the highly anticipated Model S, which is slated to be released in 2012.

From Reuters: Toyota gets Tesla stake, Tesla gets Toyota factory >
From SfGate: Tesla, Toyota & Nummi >
From MSNBC: Tesla, Toyota to open electric car plant in California >

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  3. pathos June 4, 2010 at 4:44 pm

    Plug ins and hybrids will never make it! just like laptops and cell phone. the technology will be obsolete! battery technology is increasing every day, and pretty soon somebody is gonna design a system that isnt hybrid nor plug-in, but is all electric. just wait for it! youll see!

  4. cantwell.carson May 21, 2010 at 4:20 pm

    Don’t get your hopes us:

    “LiIon propulsion is incompatible with the notion of the ‘green car’.”

  5. urgan May 21, 2010 at 11:39 am

    FYI, that photo is NOT the Model S. Google Model S, and its the first white car image.

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