Thread: Tesla: Toyota electric prototypes coming soon

Tesla: Toyota electric prototypes coming soon

By Peter Valdes-Dapena, senior writerJuly 10, 2010: 1:05 PM ET
Follow Peter on Twitter: @PeterDrives

NEW YORK (CNNMoney.com) -- Electric carmaker Tesla Motors will deliver two prototypes to Toyota Motor Co. by the end of the month, a Tesla executive said Saturday.

The prototypes will use Tesla's electric motors and battery packs and the bodies of Toyota vehicles.

Toyota is working with Tesla Motors, maker of the Roadster electric sports car, on a new electric vehicle.

"Toyota and Tesla engineering teams have made a lot of progress in a short amount of time and it is exciting to start seeing some initial results," Tesla Chief Technology Officer JB Straubel said in a statement.

Toyota announced in May that it planned to invest $50 million in Tesla Motors (TSLA) following the electric car maker's initial public offering, which took place on June 29. Tesla's stock closed Friday at $17.40, down 21% over five days.

Toyota, which is already the industry leader in gas-electric hybrid cars, is also looking for other partners to develop future alternative fuel technologies. In fact, collaboration with other companies is expected to be a key part of Toyota's alternative fuel strategy.

Toyota executives have, in the past, expressed doubts about the market potential for purely electric cars. They have citing the vehicles' high cost, relatively short driving distance, long charging times and questionable battery technology.

0:00 /2:16The 'Iron Man' behind Tesla
Last year, Toyota (TM) revealed a concept version of a tiny electric "city car" with a 40 mile range. That car is under development, Toyota said at the time, and is intended primarily for short-term rental use within cities.

The Tesla project is separate from that one.

Toyota plans to introduce a plug-in version of the Toyota Prius hybrid car in 2011, but that vehicle would still use a gasoline engine as its primary power source.

http://money.cnn.com/2010/07/10/autos/t ... gletoolbar

Keep in mind a "Tesla" costs about a 100 grand

Originally Posted by Justthefacts

Keep in mind a "Tesla" costs about a 100 grand

Actually it's $49,990 for a Tesla.

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$30,000 for the Toyota Tesla.

Tesla to build electric vehicles with Toyota at NUMMI plant

May 20, 2010 | Camille Rickette

Governor Arnold Scharzenegger leaked earlier today that Tesla Motors will be partnering with Toyota to build a new electric vehicle. Now, chief executive Elon Musk confirms that this is true — but that Tesla will also be acquiring the recently-closed NUMMI automotive manufacturing plant in Fremont, Calif., potentially bringing back thousands of jobs lost when that facility closed last month.

The company’s deal with Toyota has three facets:

1. The joint development of a brand new,sub- $30,000 electric car, that will contain Tesla’s unique powertrain design, with everything else built by Toyota;
2. The purchase of the NUMMI plant, where Tesla plans to manufacture both its Model S sedan due out in 2012, a new $30,000 Tesla-designed vehicle, and the more affordable jointly designed “third-generationâ€

I guess the price came down a bit

I remember when they first came out , they were at a hundred grand