There are also local VW Dealer businesses that sell fuel efficient Volkswagen models that are also equipped with the latest and best safety features. Toyota and Tesla will release the joint model in 2012. The choice of the RAV4 as the vehicle of choice was no surprise as Tesla previously released a prototype RAV4 that was battery powered, and Tesla will produce more prototypes in 2010 for this model as well.
The reason why the RAV4 was selected as the model was because it was best suited to Tesla's large battery size and also had the proper vehicle weight and other requirements for the electric vehicle. The Corolla was also another vehicle that was in consideration for the electric Toyota model.
The partnership began last May when Toyota bought $50 million in Tesla and hinted that a deal was in the works with Tesla although the company never came outright and said that until recently. Tesla is looking to produce its own vehicle models in 2012 starting with the Model S sedan, although Tesla does already produce limited quantities of its Roadster model for purchase at select dealerships.
Tesla's latest partnership with Toyota will likely be good for investors as it shows that the company is diversifying its business interests and is willing to work with other established automakers to make more profits.
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