2009 RAV4. Toyota Motor Company announced they have formalized an agreement to develop an electric version of the RAV4 SUV with Tesla Motors . Tesla currently produces only a single model, the US$109,000 Roadster, although it is currently designing a second model, the Model S, which will be produced at the Fremont factory. Analysts supported the move; John Boesel, CEO of a green-transportation trade group, said that "Toyota's willingness to partner with Tesla to provide an electric version of one of the Japanese automaker's existing vehicles suggests the partnership between the two companies is going to be a meaningful one." Following this announcement, Tesla's shares rose $0.75,while  Toyota's fell  1.65.
2009 RAV4. Toyota Motor Company announced they have formalized an agreement to develop an electric version of the SUV with . Tesla currently produces only a single model, the 109,000 , although it is currently designing a second model, the , which will be produced at the Fremont factory. Analysts supported the move; John Boesel, CEO of a green-transportation trade group, said that " Toyota's willingness to partner with Tesla to provide an electric version of one of the Japanese automaker's existing vehicles suggests the partnership between the two companies is going to be a meaningful one." Following this announcement, Tesla's shares rose $0.75, while Toyota's fell $ 1.65.
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RAV4 SUV with Tesla Motors
SUV with
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US$109,000 Roadster, although it is currently designing a second model, the Model S, which will be produced at the Fremont factory. Analysts supported the move; John Boesel, CEO of a green-transportation trade group, said that "Toyota's willingness to partner with Tesla to provide an electric version of one of the Japanese automaker's existing vehicles suggests the partnership between the two companies is going to be a meaningful one." Following this announcement, Tesla's shares rose $0.75,while
109,000 , although it is currently designing a second model, the , which will be produced at the Fremont factory.
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Analysts supported the move; John Boesel, CEO of a green-transportation trade group, said that "
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fell
willingness to partner with Tesla to provide an electric version of one of the Japanese automaker's existing vehicles suggests the partnership between the two companies is going to be a meaningful one."
A
Following this announcement, Tesla's shares rose $0.75, while Toyota's fell $