Tesla Expecting To Make $60 Million In Revenue For Work On The RAV4

Posted Dec 20, 2010

Tesla Motors Inc (NASDAQ:TSLA) is expecting to make about $60 million in revenue for building the electric components for the Toyota RAV4 SUV. Toyota bought $50 million worth of equity in Tesla shortly after the California based electric vehicle company went public in June. Tesla will be building the batteries, gearbox, motor, and electric control system. Tesla also received a $30 million investment from Panasonic on November 2nd. Tesla sells the Roadster sports car for $109,000 and is planning to start selling a luxury sedan called the Model S in 2012. [WSJ]