• Jun 14, 2010
Just a few days back, we glanced over Tesla's amended IPO statement and discovered some well-buried words that suggested Tesla and Toyota may never work together on the development of an electric vehicles. The words from Tesla actually read, "We have not entered into any agreements with Toyota for any such arrangements, including any purchase orders, and we may never do so."

Tesla snuck that word "may" in there, leaving the possibility open that some sort of jointly-developed vehicle may come in the future. If a report surfacing from the Nikkei newspaper in Japan is accurate, Tesla and Toyota may have already struck a deal to develop an electric prototype by the end of the year.

The Nikkei doesn't provide much to go on, nor does it give many specifics. Without detailed info or confirmed sources, we'll have to call this one nothing more than a rumor, but we certainly hope that it pans out to be true. Here's what the Nikkei reported:
Upon forming capital and business ties last month, Toyota and Tesla said that they will jointly develop electric vehicles and share expertise, such as Tesla's electric-vehicle technologies and Toyota's production know-how. As the first step, the two firms aim to develop a prototype based on a current Toyota model using Tesla's lithium-ion-battery-based system. Actively utilizing Tesla's technologies will likely enable Toyota to lower the cost of its future electric vehicles, a Toyota executive said.

Like we said, we can't confirm any of this yet and it may just be a well-placed rumor, but it piques our interest and we'll certainly keep a close eye on it.

[Source: Nikkei via Green Car Congress | Image: Speculative rendering by reader Joona Kallio]


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  • 18 Comments
      • 4 Years Ago
      Best looking Lexus up to date! LOL Nice photo shop
        • 4 Years Ago
        Looks good.

        Imagine: Toyota morphs with Tesla to become...

        Toysla....Teslota....Teyota...Toyesla...

        Teslayota.

        Ughh I give up.

        lol
        • 4 Years Ago
        LFA Wheels !



        I thinks it ugly you guys are nut no way in hell this looks good....
        • 4 Years Ago
        It looks really great, one of the best sporty sedans out there.
      • 4 Years Ago
      That is the coolest looking Lexus i have seen in a while. Sporty and Sedan-y!
        • 4 Years Ago
        Na....the LS600H is a good and the ISF is a looker too after seeing one in real life....really sweet ride.
      • 4 Years Ago
      I think this would be good....no ?


      This should be one impressive electric automtoive since Toyota is the Hybrid king and Tesla does have the their cool roadster.
      • 4 Years Ago
      Looks like Elon Musk is executing his exit strategy.
      • 4 Years Ago
      Tesla has nothing that Toyota needs. I can't see why these rumors keep coming up.
        • 4 Years Ago
        They already invested in them. I'm talking about the rumors of joint development/production.

        Making a show car would be one thing, that's the kind of thing Tesla could do, short run demo cars. But having Tesla build cars for Toyota production makes no sense.
      • 4 Years Ago
      The amended IPO statement may run into some issues with the SEC if Tesla is negotiating with Toyota on a joint electric prototype. Full and fair disclosure, don'tcha know!

      Yeah, you betcha.
      • 4 Years Ago
      Aston Rapide rip anyone?
      • 4 Years Ago
      Yes, we will...no, we won't...yes, well maybe...we're not sure..............
      • 4 Years Ago
      anything with a lexus badge is destine to be boring and ugly with the exception of LFA which is just ugly. This however looks really nice and although I wish tesla the best I dont really like toyota getting into the mix but if that's what takes for them to stay afloat go ahead.
      • 4 Years Ago
      looks like an IS and a maserati had an illegitimate child
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