Tesla sees $100 million from electric RAV4 deal
Tesla Motors today said that it has signed an agreement worth $100 million to supply electric power train equipment to Toyota.
In a regulatory filing, Tesla said that it will supply the battery, charging system, inverter, motor, and related software to power Toyota's planned electric version of its RAV4. Toyota plans to sell the small SUV to both consumer and residential customers next year.
Toyota took a $50 million stake in Tesla last year and signed an agreement to use Tesla's electric power train in the electric RAV4. In Tesla's filing, it said production of the electric … Read more
