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.
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.
The Nikkei doesn't provide much to go on, here and 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. We'll certainly keep a close eye on it.[Source: Nikkei via Green Car Congress | Image: Speculative rendering by reader Joona Kallio]