{"id":572806,"date":"2010-05-20T23:00:28","date_gmt":"2010-05-21T03:00:28","guid":{"rendered":"http:\/\/greenenergyreporter.com\/?p=8323"},"modified":"2010-05-20T23:00:28","modified_gmt":"2010-05-21T03:00:28","slug":"toyota-acquires-50m-stake-in-tesla-motors","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/572806","title":{"rendered":"Toyota Acquires $50M Stake in Tesla Motors"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/cleantech.png\" width=\"8\" height=\"8\" alt=\"\" title=\"Cleantech\" \/><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/funding.png\" width=\"8\" height=\"8\" alt=\"\" title=\"Funding\" \/><\/p>\n<p>Japanese auto maker\u00a0 Toyota announced today that it&#8217;s investing $50 million in electric-car maker Tesla Motors. As part of the deal Tesla\u00a0 gets its hands on a factory in California, where it will build its Model S car and other  vehicles.<\/p>\n<p><span id=\"more-8323\"><\/span><\/p>\n<p>With Tesla, Toyota gets a platform that will allow it to compete head on with General Motors and Nissan selling electric cars in North America &#8212; <a href=\"http:\/\/www.teslamotors.com\/media\/press_room.php?id=2509\" >see full press release<\/a>.<\/p>\n<p>Besides a fresh batch of capital, for Tesla the transaction brings a substantive distribution network to sell its cars.<\/p>\n<p>Tesla has 2,000 reservations for the Model S  sedan and intends to scale production in 2012 when it expects to produce as much as 20,000 a year, <a href=\"http:\/\/www.sfgate.com\/cgi-bin\/article.cgi?f=\/g\/a\/2010\/05\/20\/bloomberg1376-L2QYPK1A1I4H-1.DTL\" >reports Bloomberg<\/a>.<\/p>\n<p>Since its inception in 2004 Tesla has not posted a profit, loosing more than $230 million. The car company plans to use proceeds from <a href=\"http:\/\/greenenergyreporter.com\/2010\/02\/tesla-files-for-100m-ipo\/\" >an upcoming $100 million share sale<\/a> and a $465 million government loan-guarantee and the Toyota investment, to finance construction of a manufacturing line for its Model S.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/GreenEnergyReporter\/~4\/XuAldI2f1T0\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japanese auto maker\u00a0 Toyota announced today that it&#8217;s investing $50 million in electric-car maker Tesla Motors. As part of the deal Tesla\u00a0 gets its hands on a factory in California, where it will build its Model S car and other vehicles. With Tesla, Toyota gets a platform that will allow it to compete head on [&hellip;]<\/p>\n","protected":false},"author":2814,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-572806","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/572806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/2814"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=572806"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/572806\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=572806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=572806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=572806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}