They plan to produce the sedan EV in the NUMMI plant in Fremont, CA. NUMMI is close to where I live and I'm happy to see something happening to this shuttered plant.
Its good news for Tesla and for Toyota. Hopefully, this will be a fruitful relationship.
I've visited Tesla and sat on the passenger seat of their roadster (I suppose they did not trust me with a $100,000 car). It's an amazing ride. Its easy to fall in love with the car and the concept (the price tag notwithstanding). Despite Toyota's recent troubles, I've always thought they are very good at what they do.
Lets hope that this move will get us closer to an EV I can afford (and trust me, if I can afford it, so can you).