TM - TMC

Toyota Motors Corporation


Tesla Motors



Tesla Motors and Toyota Motor Corporation have decided to venture into producing electric vehicles, parts, and production system and engineering support.

Toyota's efforts at spreading green transport habits have been a distinct hit, seen by the 2.5 million hybrid Prius sales since 1997. Now, they find sense in expanding the periphery by introducing electric vehicles to the existing sustainable transport market. At the same time, Tesla would experience a new market. The cost of these Tesla vehicles would be marginalized to make them "affordable" and produce a demand in new markets. The venture is backed by Toyota purchasing $50 million of Tesla shares.

This venture will instill the reality of global warming across nations.