Tesla and Toyota Announce Partnership for Electric Vehicle Development; Toyota to Invest $50 Million in Tesla; Tesla Acquires NUMMI Plant

On Thursday, May 20th in Palo Alto, California, Governor Arnold Schwarzenegger, President and Chief Executive Officer of Toyota Motor Corporation (TMC) Akio Toyoda, Co-Founder and Chief Executive Officer of Tesla Motors Elon Musk and Lieutenant Governor Abel Maldonado announced a partnership between the two automotive companies.  Highlights of this partnership include: 1. Toyota investment in … Read more