Tesla CEO Hints at Future Toyota Partnership

As the current Tesla and Toyota collaboration winds down, it looks like the future holds a new joint venture with the two companies. 

“If you look out maybe two or three years from now, I would not be surprised if there was a significant deal with Toyota and Tesla,” Tesla CEO Elon Musk told reporters. No information on exactly what this partnership will focus on has been released, though Musk did indicate that it would be a larger deal than the previous RAV4 EV tie up.

SEE ALSO: Tesla to Stop Supplying Toyota with Batteries

Tesla provided the batteries for Toyota’s all-electric RAV4, which only managed to sell about 2,000 units. The two companies are now starting to grow apart, as Toyota is moving towards bringing a fuel-cell vehicle to market, while Musk has sworn by EVs and even mocked fuel cells. People close to the partnership say that the RAV4 EV tie up was marred by engineers clashing, though according to Musk, Tesla and Toyota have a very good relationship.

Tesla is getting ready to open a new battery production plant called the gigafactory, which will be the largest battery production facility anywhere in the world. Estimates peg the price tag at $5 billion and the finish date sometime in 2020. The new Toyota collaboration will likely feature batteries coming from the new facility.

GALLERY: 2012 Toyota RAV4 EV


[Source: Bloomberg]

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