Tesla in Talks with Toyota About $1 Billion Deal

Tesla Motors CEO Elon Musk has announced that the automaker is in talks with Toyota over a $1 billion deal.

Tesla recently signed a $100 million deal that will bring the Toyota RAV4 EV to market, but Musk stated in regards to that deal, “we’re in discussions with them for a deal that is an order of magnitude larger than that.” A Tesla representative also confirmed with the AutoObserver that deal that Elon was referring to was much larger than the previous deal at $1 billion.

No other details were given about the possible deal.