Tesla Motors has finally secured additional financing and investment from Toyota Motors. The Toyota Motors/Tesla Motors partnership is one of the numerous Tesla motors has developed in a quest for a mass-market, all-electric car. Is the investment going to be enough to keep Tesla Motors in business?
Article resource: Tesla Motors secures Toyota’s investment with IPO by Car Deal Expert
All about Tesla Motors
Tesla Motors is a business that was founded in 2003 and has the goal of creating all-electric autos. There are two Tesla Motors electric vehicles on the market right now — both more than $100,000. Tesla's goal is to, eventually; bring an all-electric sedan to the market for less than $50,000.
The investment Toyota has in Tesla
The investment that Toyota and Tesla announced a couple of months ago was contingent on Tesla completing an initial public offering. Now the TSLA IPO has been completed, Toyota motors will complete its investment. The now closed NUMMI plant will be purchased by Tesla Motors. Toyota will help advise Tesla on bringing a mass-produced car to the market.
Tesla Model S
The Tesla Model S should be an all-electric sedan vehicle. The 300-mile range of the current Tesla roadsters is the range for the sedan that they want to hit. Tesla aims to sell the Model S for under $50,000, which is considered the “midrange” price point for most automobiles. Government tax credits along with all of the fuel cost savings are expected to add up to make this vehicle more affordable for most buyers. The model S should be on the market by 2012.
Other investments received by Tesla Motors
Tesla Motors has gotten investment from more places than just Toyota Motors. Daimler-Chrysler as and the U.S. Government has given Tesla Motors loans to help bring the Model S to market. The investments are coming besides the operating losses yearly. 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.
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