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Tesla Motors to sell batteries in $43 million deal with Think.

Tesla Motors, the Silicon Valley electric car start-up, intends to announce today that it has created a new division to sell batteries, and that it has taken a $43 million order. Think, a Norwegian maker of electric cars, will buy lithium-ion battery packs from the Tesla Energy Group. The deal will bring Tesla $3 million this year and $40 million in 2008, said Darryl Siry, a spokesman for the San Carlos company.

Tesla Motors to sell batteries in $43 million deal with Think.
xcel, May 23, 2007
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