Tesla Motors has finally secured additional financing and investment from Toyota Motors. The Toyota Motors/Tesla Motors partnership is just one of the many partnerships that Tesla motors has developed in a mission for a mass-market, all-electric vehicle. Is Tesla Motors going to keep floating with this excitement of an investment?
About Tesla Motors
Tesla Motors is a business with the goal of creating all-electric vehicles. There are two Tesla Motors electric automobiles on the market right now — both more than $100,000. The goal of Tesla is to bring an all-electric sedan to the market for less than $50,000.
The investment Toyota has in Tesla Motors
The investment that Toyota and Tesla announced a few months ago was conditional upon Tesla completing an first public offering. Now the TSLA IPO has been completed, Toyota motors will complete its investment. The now closed NUMMI plant can be purchased by Tesla Motors. Toyota is helping advise Tesla to get a automobile to market.
The new Tesla Model S
The planned Tesla Model S is intended to be an all-electric sedan car. The 300-mile range of the Tesla roadsters is the target range for the sedan. Tesla would like to sell the Model S for less than $50,000, which is considered the “midrange” price point for most automobiles. Government tax credits combined with fuel cost savings are expected to add up to make this automobile more affordable for most buyers. The Model S is designed to make it to the market by 2012.
Tesla Motors receives other investments
Tesla Motors has gotten investment from more places than just Toyota Motors. Daimler-Chrysler as and also the U.S. Government has given Tesla Motors loans to help bring the Model S to market. Although there have been operating losses every year, the investments nevertheless are coming. The hope is that with the IPO investment money, Toyota’s help, the U.S. Government’s help, and also the Daimler-Chrysler investment, Tesla might become profitable in the next three years.
