Tesla seeks to raise $1.5B to fund Model 3 production
Meanwhile, Toyota and Mazda quietly announced a tie-up specifically for all electric vehicles. I know it&#x27;s not as much fun as rooting for Tesla, but the odds are on the German and Japanese incumbents in the long run. It&#x27;s very Japan Inc to wait until consumer interest proves itself, and then start the long game in extreme earnest with cross-brand cooperatives and government backing.