Tesla & Toyota Partnership looks like a winner
Friday, June 4th, 2010
Governor Arnold Schwarzenegger, Toyota CEO Akio Toyoda and Tesla CEO Elon Musk in front of the Tesla model 'S'
Tesla paid $42 million dollars to purchase the former NUMMI pant (New United Motor Manufacturing Inc) in Silicon Valley, and includes 207 acres which is about 55% of the site and includes all manufacturing facilities there.
As part of the deal with Tesla, Toyota has agreed to buy $50 million worth of stock in Tesla’s IPO (initial public offering).




