Highest Roadster Orders in Two Years For Tesla Plus $60 Million From Toyota

You heard it!! Tesla is getting $60 Million from Toyota to build their newer electric RAV4.  Plus Toyota bought $50 million in stock.  Toyota and Tesla and totally building EV jobs in the United States.

“We continued to garner high profile endorsements of our industry leading technology and electric powertrain systems,” Musk continued. Tesla Motors signed an agreement with Toyota for the development of a complete powertrain for the electric Toyota RAV4 vehicle including:
1.the battery pack
2. charger
3. motor
4. gearbox
5. and associated software.




Tesla and TMC previously entered into an agreement to initiate the development of an electric powertrain system for the RAV4 in July 2010 and TMC purchased $50.0 million of Tesla’s common stock in a private placement transaction that closed immediately subsequent to the closing of Tesla’s initial public offering in July 2010.

Written by greenlivingguy
