According to a blog post on the Tesla website Sunday night, this non-binding letter of intent will help move both companies towards the ultimate goal of a sustainable energy future. The agreement is solely contingent on shareholders’ approval of the partnership, a move that should be a no-brainer for the both companies involved. While the partnership is already well-cemented in the production of electric vehicles and grid storage battery cells, the collaboration should further develop the commitment for these forward thinking companies. The agreement dictates that PV cells could be in production at Tesla’s Buffalo, New York factory as early as 2017. Tesla has specified that Panasonic will be privileged to a long-term purchase agreement, showing the commitment to getting sustainable cars on the road as fast as possible. Particularly with the high quality products Panasonic is used to putting out. This is just one of many examples of Elon Musk and Tesla getting things done. The automotive revolution has been on a fast-track of innovation in recent years and this move could prove to be the next big step towards cars that don’t need fossil fuels to run. Between self-driving models and solar-powered technology, the Jetsons can eat their heart out. Photo: Flickr / Dave Dugdale
