According to Japanese newspaper Chosun, Tesla has begun partnering with Toyota. The companies will jointly release an electric car that will cost less than the Model 3 and Model Y.
According to the source, the car will become a compact crossover. Toyota will be responsible for the platform of the car, while Tesla will deal with the software, transmission and batteries. In the framework of cooperation, Toyota will be able to use some of the developments of the American company in its cars in the future. For example, autopilot and technologies for cloud software updates.
As for the crossover, it is planned to release it no earlier than 2023. The novelty will be focused on Europe and will receive a price tag in the region of 22,000 euros.
It is still difficult to say how reliable the information is. Earlier, rumors about a budget Tesla electric car have already appeared on the network. But they said that the car will be a regular hatchback and will be released first in China.