Electric carmaker Tesla Motors Inc and Toyota Motor Corp, the world's best-selling automaker, could sign a new deal over the next two to three years, Tesla CEO Elon Musk said, as the two firms ready to end an existing programme.California-based Tesla has been supplying batteries and motors for Toyota's RAV4 electric SUVs that went on sale in 2012, but that partnership is set to end this year after Toyota sold just 2,000 of the vehicles."If you look at maybe two or three years from now, I would not be surprised if there is a significant deal with Toyota and Tesla," Musk told a news conference on Monday in Tokyo where he made the first deliveries of the Model S luxury electric sedan in Japan.He said the deal could involve higher volumes than the existing partnership but did not comment on the details of what the deal could involve and said there were no definitive plans.
TOYOTA MOTOR CORPORATION is a Japan-based company mainly engaged in the automobile business and financial business. Shares of TM fell by 0.4% or $-0.47/share to $115.92. In the past year, the shares have traded as low as $103.38 and as high as $132.53. On average, 271775 shares of TM exchange hands on a given day and today's volume is recorded at 43172.
Tesla Motors, Inc. (Tesla) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components. Shares of TSLA traded higher by 2.25% or $6.245/share to $283.64. In the past year, the shares have traded as low as $116.10 and as high as $291.42. On average, 5723250 shares of TSLA exchange hands on a given day and today's volume is recorded at 2565394.
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