Tesla and Toyota Sign Deal

In May, Tesla TSLA and Toyota TM announced their intent to cooperate on the development of electric vehicles, parts, and production system and engineering support. Tesla seeks to learn and benefit from Toyota’s engineering, manufacturing, and production expertise, while Toyota aims to learn from Tesla’s EV technology, daring spirit, quick decision-making, and flexibility. Tesla’s goal is to produce increasingly affordable electric cars for mainstream buyers – relentlessly driving down the cost of EVs. California-based Tesla designs and manufactures EVs and EV powertrain components, and is currently the only automaker in the U.S. that builds and sells highway-capable EVs in serial production. Tesla could become the electric engine provider to other car companies similar to how Microsoft MSFT is the operating system to PCs. If that's the case, then buying Tesla now could be a good move.