Musk: Tesla negotiating $1 billion deal with Toyota

Toyota RAV4 EV
Tesla Motors recently reached a $100 million deal with Toyota where the electric-car maker will supply the powertrain equipment for the RAV4 EV.

Tesla’s CEO Elon Musk announced earlier today that the company is now negotiating a potential $1 billion deal with Toyota.

During a conference call earlier today, Musk said that the second quarter was the best in Tesla’s history, with huge demand for the Roadster and the upcoming Model S sedan

Highlighting the $100 million dollar deal with Toyota, Musk said that “we’re in discussions with them for a deal that is an order of magnitude larger than that.”

Photo Copyright © 2010 Omar Rana – egmCarTech.

– By: Omar Rana

Source: AutoObserver