An anonymous reader writes "Toyota just announced that it will invest $50 million in Tesla Motors and the two companies will partner to manufacture electric vehicles to meet California's growing demand for greener cars. Bay Area residents should be especially excited, as this venture is expected to create thousands of new jobs in the San Francisco Bay area, and is sure to be a boon to California's flagging economy. Tesla fans as well should rejoice as the new partnership will allow the EV startup to bring its highly coveted, iconic design to more affordable electric vehicles like the Model S sedan, which will sell for $49,900 and gets 300 miles on a 3- to 5-hour charge."
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