Honda is making its way over to the all-electric car ring, after the hybrid Honda Insight already brought in great sales numbers last year. Rumors have circulated for a months and now it seems true - Tesla, the electric sports car maker, is having a huge chunk of their company purchased by Honda.

Tesla revealed that it has sold $13.8 million worth of zero emissions vehicle credits, representing 368 cars, to Honda over the last two years.

Honda and Tesla also have an agreement to exchange credits for another 287 vehicles. Unfortunately for Tesla, the market for its credits will…