Tesla Motors Inc (NASDAQ:TSLA) hints at another venture with Toyota Motor Corp (ADR) (NYSE:TM)

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After having worked on a project together that didn’t deliver as expected, Tesla Motors Inc (NASDAQ:TSLA) has given us some hints that it may work with Toyota Motor Corp (ADR) (NYSE:TM) again in the near future. The CEO of Tesla Motors Inc (NASDAQ:TSLA) said that there is a possibility that Tesla Motors Inc (NASDAQ:TSLA) will join hands with Toyota Motor Corp (ADR) (NYSE:TM) again to work on another vehicle in the coming years. Their previous vehicle didn’t bring quite the best out of both companies but the CEO said that we don’t make the future by dwelling on the past.

Tesla Motors Inc (NASDAQ:TSLA) and Toyota Motor Corp (ADR) (NYSE:TM) went separate ways when they sold 2000 units of the jointly produced RAV4 EV. The vehicle didn’t get much of a reaction in the market; neither did it bring bright sales. Toyota Motor Corp (ADR) (NYSE:TM) has rolled its sleeves to work on a fuel-cell vehicle, which will be the first of its kind. However rival companies have laughed off attempts to make such a vehicle, calling it a market disaster

On the other hand, Tesla Motors Inc (NASDAQ:TSLA) is planning to make lithium based ion battery which will save Tesla Motors Inc (NASDAQ:TSLA) the cost of extra cells used to power its electric vehicles. Analysts observed that Tesla Motors Inc (NASDAQ:TSLA) is an unpredictable company and believes in good public and diplomatic relations. About a future deal with Toyota Motor Corp (ADR) (NYSE:TM), analysts say that it’s imminent in the next two or three years.

The CEO of Tesla Motors Inc (NASDAQ:TSLA) revealed that the reason behind the failure of their last joint venture with Toyota Motor Corp (ADR) (NYSE:TM) was conflicts between engineers; however that can’t keep Tesla Motors Inc (NASDAQ:TSLA) from working with Toyota Motor Corp (ADR) (NYSE:TM) once again, as it believes in professionalism and work ethics.

Tesla Motors Inc (NASDAQ:TSLA) is persuading Panasonic Corporation (OTCMKTS:PCRFY), a Japanese company, to provide Tesla Motors Inc (NASDAQ:TSLA) with inexpensive batteries so that Tesla Motors Inc (NASDAQ:TSLA) may be able to transform the Model S sedan into a vast market manufacturer.

Tesla Motors Inc (NASDAQ:TSLA) expects Panasonic Corporation (OTCMKTS:PCRFY) to provide some investment in the gigafactory they are building at Nevada. The CEO of Tesla Motors Inc (NASDAQ:TSLA) said that it would be Tesla Motors Inc (NASDAQ:TSLA)’s honor if Panasonic Corporation (OTCMKTS:PCRFY) invested in it, as Panasonic Corporation  (OTCMKTS:PCRFY) is a globally recognized corporation. It’ll be a huge gamble for Panasonic Corporation (OTCMKTS:PCRFY), but the CEO of Tesla Motors Inc (NASDAQ:TSLA) assured quality and large sales.

As of now Tesla Motors Inc (NASDAQ:TSLA)’s shares stand well in the market and for Tesla Motors Inc (NASDAQ:TSLA) to expect more investments isn’t a farfetched thought. Tesla Motors Inc (NASDAQ:TSLA) has made its mark on the automobile market time and time again and has gained a reputation of a brilliant vehicle designer.

Tesla Motors Inc (NASDAQ:TSLA) is also commended for its good relations with rivals in the market. Admitting to the possibility of working again with Toyota Motor Corp (ADR) (NYSE:TM) shows that Tesla Motors Inc (NASDAQ:TSLA) indeed believes in the production of quality vehicles and it cares about the public and the market rather than rankings.

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