Tesla Motors and Toyota partnership to dominate electric car market

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It looks like Tesla and Toyota are joining forces to gain dominance in the all electric car market. California governor Arnold Schwarzenegger, Tesla CEO Elon Musk and Toyota CEO Akio Toyoda held a joint press in Palo Alto, California to announce the partnership of the two companies on development and production of electric cars. Mainly for now, the Tesla Model S sedan.

The production of the Model S sedan at the NUMMI plant will produce about 20,000 cars a year initially, and possibly to include the production of future electric cars as well.
Production of the Model S is still planned to start in 2012, and there are more advanced prototypes would be revealed later this year.

This partnership sure will benefit both companies as Tesla will benefit from Toyota’s logistic value and Toyota will benefit Tesla’s electric car technology.