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Tesla’s Electric Stimulus Treatment

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Posted on May 22, 2010
Filckr / jurvetson

A Model S Tesla electric car.

A joint partnership between Toyota and electric car manufacturer Tesla Motors, announced Friday, will provide $50 million to the latter firm while giving Toyota access to Tesla’s battery technology, a move that will help boost electric car production in the face of Toyota’s recent recall setbacks. —JCL

The BBC:

Toyota is to invest $50m (£35m) in US electric car company Tesla Motors, as the two firms announced a joint partnership to build electric vehicles.

The deal will give the Japanese giant a stake of about 2.5% in Tesla, which will build its new saloon model at a Toyota factory near San Francisco.

Analysts said Tesla, which was only formed in 2003, will benefit from Toyota’s mass production skills.

In turn, Toyota will be able to access Tesla’s electric battery expertise.

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By Eugenio Costa, May 22, 2010 at 11:06 am Link to this comment

Problems:

(1) the Chinese are likely 20 years ahead in battery technology, just as they have cornered the market in cheap solar power.

(2) the Chinese also see that the automobile is obsolete and requies an enormously expensive infrastructure. Neruda skewered it with—automovil criminal. Changing what is obsolete from gasoline to electric makes no sense at all.

Lots of luck.

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