Posts Tagged ‘Elon Musk’

Tesla and Toyota: A New EV Team in Town

Toyota is banking on Tesla.

The world’s largest automaker is investing $50 million in Tesla once the startup goes public. Tesla bought the Fremont, Calif.-based New United Motor Manufacturing Inc. (NUMMI) plant, which Toyota shuttered in April, where the companies will work together to build Tesla’s Model S and other EVs.

The announcement was at Tesla’s  Palo Alto headquarters Thursday by Toyota CEO Akio Toyoda, Tesla CEO Elon Musk and Gov. Arnold Schwarzenegger.

Elon Musk of Tesla: one of the Time 100

Elon Musk makes the Time 100.  Gives me pride to be a Penn alum.