Tense Toyota-Tesla Relationship Leads To Partnership Ending
Aug 12, 2014 12:07
Toyota and Tesla's deal has ended. Toyota is said to be distancing itself from Tesla and moving on to pushing fuel cells instead of becoming a playing in the electeric car market.
The partnership's main produce is the Toyota RAV4 EV. Toyota purchased a stake in Tesla for $50 million and sold the former NUMMI plant in Fremont, Calif. to Tesla for $42 million, where the Model S is now made and the Model X is expected to start being produced next year.
Tesla announced in May it would stop delivering battery packs for the RAV4 this year.
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