Tesla Motors Manufacturing Agreement Prompts Affordable Electric Car

Posted on 22 June 2009

Tesla Motors Inc. is one of the leaders in the electric car movement and is primed to report corporate profits as soon as next month. In 2007, a new manufacturing agreement brought costs down nearly 50% coupled with the demand for the Tesla Motors Roadster sports car, the company is in high spirits for fiscal success.

A Manufacturing Agreement is a legal document to manufacture a product based on a sample. Includes provisions regarding the number of units manufactured, delivery date, unit cost, rejection of manufactured goods, etc.

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