$42 million is expected to be paid by Tesla Motors for the bones of the NUMMI plant in Fremont, California. The Company, here is in a doubt to construct electric vehicles with the help of Toyota.

Subsequent to the last week’s announcement for the two sides to work together, the extent to which Tesla slants on Toyota remains to be seen. On a hope to change these cars into actuality, Tesla said, “we have not entered into any agreements with Toyota for any such arrangements, including any purchase orders, and we may never do so”.

The electric-car maker's common stock will be bought by Toyota, which accounts to be worth $50 million. But by this announcement of the Company, it is likely to become publicly traded by the end of the year.

Toyota has an option to opt to bail the deal, in case the offering isn't ready by then. This has been in the contract hashed out by both sides. To create high-end electric cars a component of the mainstream auto market, Tesla earlier planned to go public. Then, the Company had planned to hike the figure up to $100 million.

This partnership also gave hope to many employees who’d lost their jobs at NUMMI.