Governor Arnold Schwarzenegger, Toyota CEO Akio Toyoda and Tesla CEO Elon Musk in front of the Tesla model 'S'

Arnold in front of the Tesla model 'S'.

Tesla model 'S' studio shot

Tesla Roadster

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). 

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Of the new electric cars that are making headlines, this car looks very exciting. Think City Electric Car has come up with a design that can travel up to 100 miles on a single charge, and can be charged using an onboard AC charger. It will do an 80% charge in just 15 minutes! It has room for four with optional back seats. It also has electric windows and mirrors, central locking, 2 front airbags, ABS brakes and regenerative braking!

Click here to check out their site: