Toyota To Invest $50 Million into Tesla
Toyota Motor Corp. has agreed to purchase $50 million worth of common stock in electric car-maker Tesla Motors, following the company's planned IPO. The investment is part of a larger joint development deal, announced yesterday. Tesla is in registration for a $100 million IPO, and has raised $220 million in VC funding from firms like Draper Fisher Jurvetson, Daimler AG and VantagePoint Venture Partners.
21 May 2010•2 mins read
