Electric SUV is the first project announced by the companies since Toyota purchased about 3% of Tesla for $50 million this year, a move that had raised eyebrows.
A plan to sell an electric version of Toyota's RAV4 sport utility vehicle two years from now demonstrates that the alliance between Tesla Motors Inc. and the Japanese automaker is more than just window dressing, analysts said.
Tesla and Toyota Motor Corp. said Friday that they were developing the vehicle and that Tesla was working on a fleet of prototypes to begin testing.
The venture is the first project announced by the companies since Toyota purchased 3.2% of Tesla for $50 million this year.
Read this news @ http://www.evhub.in/news/153#153
Tesla and Toyota Motor Corp. said Friday that they were developing the vehicle and that Tesla was working on a fleet of prototypes to begin testing.
The venture is the first project announced by the companies since Toyota purchased 3.2% of Tesla for $50 million this year.
Read this news @ http://www.evhub.in/news/153#153
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