29.05.2010 10:35 Uhr, Quelle: Engadget

Tesla deal with Toyota is 'not formal,' $50m investment dependent on IPO

Tesla Motors seemed to have scored quite the coup earlier this month when it landed a deal with Toyota, but it now looks like things might be a tad more complicated than first suggested. According to Tesla, there is no formal deal with Toyota on electric car development, only an "intention to cooperate," and Toyota's proposed $50 million investment in the company isn't a done deal either. It's apparently dependent on Tesla's IPO happening before December 31st of this year -- if that falls apart or gets pushed back, the deal is off. What is officially happening, however, is Tesla's $42 m

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