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 vehicle. Is this excitement and investment going to be enough to keep Tesla Motors floating?
Now Tesla Motors
Tesla Motors is a business with the goal of creating all-electric vehicles. You will find two Tesla Motors electric automobiles on the market — both more than $100,000. The goal of Tesla is to, eventually; bring an all-electric sedan to the market for under $50,000.
The Investment Toyota has in the business, Tesla Motors
The investment that Toyota and Tesla announced a few months ago was conditional upon Tesla completing an initial public offering. Now the TSLA IPO is completed, Toyota motors will complete its investment. Tesla plans to purchase the now closed NUMMI plant. Toyota is there to advice Tesla in getting a vehicle to market.
The new Tesla Model S
The Tesla Model S should be an all-electric sedan car. The 300-mile range of the current Tesla roadsters is the target range for the sedan. Tesla aims to sell the Model S for less than $50,000, which is considered the “midrange” price point for most automobiles. Government tax credits shared with fuel cost savings are likely to add up to make this car more affordable for most buyers. The model S should be on the market by 2012.
Other investments are being received by Tesla Motors
Tesla Motors has gotten investment from more places than just Toyota Motors. Daimler-Chrysler also as the U.S. Government has given Tesla Motors loans to help bring the Model S to market. The investments are coming even with the operating losses each year. 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 may become profitable in the next three years.
