Toyota to Acquire $50 Million Stake in Tesla Motors (Update1)

Tesla, Toyota to work on electric cars
Toyota is acquiring a $50-million stake in Tesla and will develop electric vehicles with the California company.
Toyota to Acquire $50 Million Stake in Tesla Motors (Update1)
May 20 (Bloomberg) -- Toyota Motor Corp. , the world’s largest automaker, is acquiring a $50 million stake in Tesla Motors Inc. and will develop electric vehicles with the California company.

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