Tesla Motors
On May 20, 2010, both Tesla Motors and Toyota announced a joint effort to manufacture Tesla's electric vehicles at the former NUMMI plant. Under the agreement, Toyota bought $50 million of common stock from Tesla Motors. Tesla then purchased a portion of the NUMMI property including the plant, with the goal of retrofitting the plant for its future “smaller third-generation car,” putting an end to Aurica's bid for the NUMMI plant.