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Toyota announced last May that they would be investing $50 million in Tesla stock. However, it remains to be seen on whether or not Toyota and Tesla will actually partner to create a new hybrid or electric Toyota model. Pre-owned Toyotas can be purchased at a Cincinnati Used Car dealer. Other import cars such as Mazda can be serviced at a Sarasota Mazda Service.
A recent Wall Street Journal report stated that Tesla released a statement saying, “We have not entered into any agreements with Toyota for any such arrangements, including any purchase orders, and we may never do so.”
This may have been disheartening news to Toyota fans who were anticipating a “green supercar” that would combine Tesla’s latest battery technology with Toyota’s advanced car manufacturing technology. Toyota is known for high resale value, and reliable technology even though Toyota has suffered image problems from the infamous accelerator problem.
Since Tesla used the word “may” in the statement, the possibility remains that Toyota and Tesla may in fact surprise everyone and partner to create a new vehicle. Rumors have been floating around that Tesla may have even already begun production of a vehicle that would be released in 2010 or 2011. The Nikkei newspaper from Japan reported that, “Upon forming capital and business ties last month, Toyota and Tesla said that they will jointly develop electric vehicles and share expertise…”
If the report is true, then Toyota and Tesla will in fact be producing a new automobile. Time will tell if the report is true, but the thought of a new model that combines the best of both Tesla’s battery technology and Toyota’s car technology is exciting. The new automobile might help Tesla out of its financial struggles. Tesla has accumulated losses of nearly $300 million from 2007 to 2010, and it does not anticipate the losses to slow down until 2010 when it releases its new Model S sedan.
