Tesla and Toyota have become rather friendly over the last few years. According to the latest reports, it seems the two automakers are ready to take their relationship to the next level. What initially started as a $60-million deal turned into a $100-million affair earlier this year.

You know what's cooler than a million-dollar deal? A billion-dollar deal, and that's reportedly what's now on the table between the two automakers.

Per Tesla CEO Elon Musk, his company is in talks with Toyota to ink a deal that would see $1 billion trading hands. Any issues about capital could quickly disappear, and Tesla could quickly become a major player in the automotive industry thanks to this serious cash infusion. We'll just have to wait and see...


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  • 21 Comments
      FeMan
      • 3 Years Ago
      Smart Toyota. Me likey.
      donnieorama
      • 3 Years Ago
      Elon Musk--you are one lucky SOB.
      MonroeSS
      • 3 Years Ago
      Toyota could use teslas sales to pad their numbers. http://www.bloomberg.com/news/2011-08-05/gm-tops-toyota-as-largest-automaker-on-japan-quake.html
      Hazdaz
      • 3 Years Ago
      I was saying from day-one that Tesla was going to get bought out by someone. I originally never thought it would have been Toyota - I was actually hoping it was going to be one of the Detroit car makers. But with the ways that Toyota and Tesla have become more intertwined over the last year or so, I guess I am not that surprised in the end. Toyota has some amazing engineering know-how, even if the end product tends to be extremely boring for most of their cars. So for them to (presumably) buy up a sports car makers - specifically an electric sportscar maker - is going to have huge repercussion within the industry for years to come. If this deal goes through, this could effect everything from small citycar EVs all the way up to full-on highend EV sportscars.
      Jason
      • 3 Years Ago
      Given the ever increasing investments from Toyota, at what point do they make an all out bid for Tesla?
        Dan
        • 3 Years Ago
        @Jason
        Tesla would be a better company with Toyota making some calls. From financial reports and looking at news on Testa it appears they have a great product, great marketing and sucky management.
        dukeisduke
        • 3 Years Ago
        @Jason
        I think Toyota will eventually end up buying Tesla.
      nardvark
      • 3 Years Ago
      Perhaps this is Toyota's way to catch up to Nissan, Chevy, and soon Ford, who are going relatively mainstream with electrics (I know the volt is a hybrid, but whatever). Tesla was going down in flames and Musk was running out of money, so it's not obvious that Toyota is going to make any money on this thing. Who knows, maybe they'll make an electric Supra!
      Timothy Tibbetts
      • 3 Years Ago
      Watching history as it happens. Tesla could have went the way of Tucker. Interesting story.
      Xedicon
      • 3 Years Ago
      Toyota would be buying / overlording Tesla for two reasons: Tech and talent., I very, very much doubt they would continue to produce the Tesla roadster, at least in it's current form. I do however, see a potential for an all electric Toyobaru F-whatever Scion thingy. That could be sweet.... for about 20 miles.
        tump
        • 3 Years Ago
        @Xedicon
        The Roadster in its current form is already End-of-Life'd due to the fact that the Lotus Elise/Exige core is finished.
      DrEvil
      • 3 Years Ago
      I'm curious to know exactly what Toyota gets out of this deal?
        DrEvil
        • 3 Years Ago
        @DrEvil
        BTW: Anyone who thinks electric cars are not here to stay, is stuck on stupid. The technology will eventually, still don't know what the infrastructure will look like, but electric cars are here to stay this time.
          DrEvil
          • 3 Years Ago
          @DrEvil
          The technology will eventually catch up, to the cars, which are apparently quite good at the moment, and they'' only get better.
        Zoom
        • 3 Years Ago
        @DrEvil
        Toyota get Silicon Valley innovation, a stronghold on EV technology, and so on.
      • 3 Years Ago
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      • 3 Years Ago
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