Tesla, whose production of slick and sexy electric cars has earned them a name as an emerging power in the motoring industry, have seen that growing reputation rewarded with news of a partnership with car giants Toyota.
The two companies have made a commitment to work closely in developing further solutions for the design and production of electric vehicles, with the hope that continued research – not to mention the coming together of two reputable innovators – will yield greater opportunities for the advancement of an exciting and important industry.
The news represents an important development indeed, with Toyota pledging $50 million in Tesla’s public stock; it is hoped that such an investment can buoy Tesla’s eye for continued technological development with the security that comes with the support that comes with one of the world’s biggest and most well known car manufacturers.
Tesla CEO Elon Musk welcomed the partnership, stating as follows:
“Toyota is a company founded on innovation, quality, and commitment to sustainable mobility. It is an honor and a powerful endorsement of our technology that Toyota would choose to invest in and partner with Tesla…We look forward to learning and benefiting from Toyota’s legendary engineering, manufacturing, and production expertise”.
For the environmentally minded, the Toyato-Tesla commitment represents an exciting prospect indeed: to date, Tesla’s car manufacture and distribution has entered the thousands, but Toyota’s power of PR reaches far and wide, so that Tesla’s work looks set to reach a much wider audience.
And deservedly so. With Tesla continuing their production and innovation in green cars, and given the extra support of such a heavyweight manufacturer, electric cars could well get the exposure that has long been needed.
Given that cars contribute greatly to annual CO2 emissions worldwide, development of alternative means for transport are of grave importance; the joint work now beginning between Tesla and Toyota will help development of those alternative means now becoming a tangible and practical reality.
Posted under Cars & Transport
This post was written by Chris Woolfrey on June 24, 2010
-->














