Tesla to Deliver Prototype Electric Autos to Toyota
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Tesla Motors Inc., an electric carmaker working with Toyota Motor Corp. on battery-powered autos, said it will deliver two rechargeable prototypes to Toyota this month as a first step in their alliance.
Toyota, the world’s largest seller of hybrid autos, in May said it would invest $50 million in Palo Alto, California-based Tesla and jointly develop electric models with the startup. Both prototypes are modified Toyota vehicles, said JB Straubel, Tesla’s chief technology officer.