Home / Auto News / News article: Tesla Negotiating $1 Billion Deal With Toyota - AutoGuide.com News
 |  Aug 04 2011, 8:45 AM

Tesla is currently negotiating a deal with Toyota that could be worth an easy one billion dollars, according to CEO Elon Musk himself.

Fresh from a conference call (on his G6, presumably), Musk just signed a $100 million deal with the Japanese automaker, but has dropped the hint that they could be thinking larger. “We’re in discussions with them for a deal that is an order of magnitude larger than that,” he said. Musk had spent the call informing Toyota about ending their best quarter in the young company’s history, with demand for the Model S and recently-departed Roadster still high.

Toyota, being the world’s largest car company, fortunately has this sort of cash to burn. Hopefully Musk has made a convincing case for the 8-year old Tesla and the electric car of the future.

[Source: AutoObserver]