That's a HUGE deal ^^.

That gives Tesla a large step forward. They have a pre-built factory with a lot of room to grow, an expert pool of already trained workers to pick from and $50,000,000. extra bucks to use.

 

"Mr. Musk said he looked forward to “learning and benefiting from Toyota’s legendary engineering, manufacturing and production expertise.”

Toyota opened talks with Tesla over a partnership after Mr. Toyoda rode in a Tesla Roadster in California about a month ago, the company said. The Japanese automaker then sent an executive, Yasumori Ihara, to test-drive Tesla’s Model S prototype in early May before inking the deal."

 

Despite the stock markets craziness lately the Tesla IPO looks even better now. Tesla has a very bright future in the long run.