Tesla Partners with Toyota and Panasonic
Tesla is the first to put 1,000 electric cars on the U.S. highways. Tesla skillfully partners with Toyota, Panasonic, and Daimler in lithium battery and drive system technology. The Roadster is battery-electric with a 240 mile range. The new Model S sedan will have up to a 300 mile range, far beyond the Nissan Leaf 100 mile range the Chevy Volt 40-mile electric range, and current ambitions of other electric car makers. Tesla will start delivering the Model S in 2012 from its new factory. Tesla Motors has purchased the former NUMMI factory in Fremont, California, that once employed over 4,000 workers in a Toyota-General Motors JV plant. Toyota agreed to purchase $50 million of Tesla’s common stock.