Tesla Chief Executive Elon Musk
"It's similar to a lot of electric vehicles we've already seen," he said. "It's a crowded
resource market. But Honda has a good chance, provided that they price the Fit below the Nissan Leaf and time the release right."
Not to be outdone, Toyota showed off its new, electric RAV4, which will be available next year. The automaker will pay $60 million for Tesla Motors to develop powertrain components for the vehicle.
Tesla Chief Executive Elon Musk said separately that he would be disappointed if the RAV4 didn't have a range of 150 miles, which is significantly higher than the 100-mile range that Toyota has said it would get.
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