Tesla is a Palo Alto based electric car manufacturer and researcher. Toyota invested over $50 million into the company a few weeks ago, and since then there have been rumors abound that a new hybrid model would be in development that would feature Toyota's body, features, and technology along with a Tesla powered drivetrain.
The RAV4 and the Lexus RX hybrids will be two of the first models that use the joint technology that the two automakers will work on together. These two new prototypes will be received by Toyota sometime this month. The reason that the RAV4 and the RX were selected were because of these models' capability to handle the large weight of Tesla's battery technology.
Toyota is the world's largest producer of hybrid automobiles, and the partnership with Tesla could produce some of the most popular hybrid models in the world. Tesla is known for its all electric $109,000 Roadster which is currently in small scale production. However, Tesla too will enter the mainstream hybrid market in 2012 with its Model S Sedan that will be produced on a larger scale.
It will be exciting to see which models that Toyota and Tesla end up collaborating on using the latest battery technology and Toyota's production processes.
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