Tesla Racing Ahead
The stock of electric car maker Tesla (TSLA) got a boost of four percent yesterday after the company said it expects $60 million in revenue for building the electrical system for the new Toyota (TM) RAV4 sport utility vehicle. Shortly after the Silicon Valley company's initial public offering in June, Toyota took a small $50 million stake in the company.Tesla's car battery technology is reportedly highly regarded in the nascent electric car industry. The partnership calls for Tesla to build the battery, motor, gearbox and electric control system for the RAV4, which is expected to be sold in 2012.Complete Story »
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