Tesla recently finalized its purchase of the advanced (and apparently extremely clean) NUMMI production facility in order to build its upcoming Model S sedan. Tesla hopes to build as many as 20,000 units per year in the southern California facility that's capable of building one million units annually.
Other than some potential spin-offs using the Model S platform (like an electric GT), there's a lot of capacity. That's where Toyota steps in. Toyota and Tesla will be working together to develop electric vehicles. their parts, and the engineering behind them.
The new facility will hire up to 1,000 new employees initially from one of the brightest pools around: Silicon Valley.
After Toyota bought $50 million of Tesla common stock, Akio Toyoda explained some of the rationale behind the decision:
"Through this partnership...Toyota would like to learn from the challenging spirit, quick decision-making, and flexibility that Tesla has. Decades ago, Toyota was also born as a venture business. By partnering with Tesla, my hope is that all Toyota employees will recall that 'venture business spirit."
Stay tuned, because these two companies working together could create something really special.
By Phil Alex
5 Comments:
this new partnership between Tesla and Toyota could prove lethal to the GM Volt and future products...looks like GM has effed-up yet again by pulling out of this plant which they originally built...a definite win for Toyota.
Hey Phil, NUMMI is Northern California in the San Francisco Bay area between Oakland and San Jose, not in SoCal.
like all of tesla's products, it will be too expensive, unreliable, and will come without an infrastructure to support it.
nothing new here.
Supposedly the Model S is supposed to be about $50k, but it will probably cost Tesla $80k to make, so they will raise the price later to $70k, following the Tesla Roadster pricing model.
God this looks like a Jag from the back... Love this car though..Seriously nice...HOPE its a better car than what people say. .
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