Tesla Gets A Deal. And An Endorsement
Last year, Toyota invested $50 million into Tesla. Tesla turned around and spent $42 million of the new money and bought the land and buildings of site 2 of NUMMI in Freemont, CA. As it turns out, the deal did not include the fixtures. Nothing another $17 million could not fix.
According to The Nikkei [sub], Tesla Motors paid Toyota “a discounted price of around 17 million dollars” for production machinery used by NUMMI and replacement parts. Tesla wants to use the pre-owned equipment to produce new vehicles on NUMMI’s former site beginning in 2012.
In related news, Tesla’s much maligned idea of stringing notebook batteries together just received a roaring endorsement. Tesla’s battery-partner Panasonic has expanded on the idea and developed proprietary technology to turn conventional notebook batteries into a power source for EVs. According to The Nikkei [sub], “Panasonic has apparently been able to keep the battery’s price at less than half that of dedicated batteries with a comparable output.”
The first batch of batteries will go to start-up Zerosports, which landed a contract for 1,000 EVs to be supplied to Japan Post Service Co. The price of the vehicles is said to be 20-30 percent below the bids of major automakers.