Toyota president: Tesla has ‘not created a real business in the real world yet’

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KEY POINTS
  • On Friday, Toyota said it expects to sell around 7.5 million vehicles and to generate an operating profit of 1.3 trillion yen, or about $12.6 billion, for the fiscal year ending in March 2021.
  • During a call to discuss their most recent results, reporters asked Toyota President Akio Toyoda about Tesla and its own plans for electric vehicles.
  • Toyoda acknowledged Tesla’s success, but said its valuation and market cap do not reflect a “real world” business, or compare to Toyota’s high-volume manufacturing and sales



Tesla Cybertruck Toyota president: Tesla has ‘not created a real business in the real world yet’ 106039019-1564035239233gettyimages-1094232458

The logo of Toyota Motor is displayed at a company’s car showroom in Tokyo on February 6, 2019.
Kazuhiro Nogi | AFP | Getty Images

During a Toyota Motors earnings call on Friday, executives answered questions about how they plan to compete in the expanding field of electric vehicles, and took a potshot at Tesla’s sky-high valuation

Toyota President Akio Toyoda acknowledged that Tesla’s valuation of around $400 billion is sky high, exceeding that of all seven Japanese automakers combined.

He also said Toyota could learn from Tesla’s success with investors, and its business model, which includes revenue from electric vehicles, regulatory credits, software and renewable energy products.

But, the exec went on to compare Tesla’s business to a restaurant still promoting its recipes, while Toyota is more like a restaurant already serving a huge number of customers.

“I am hesitant to say this — Tesla’s business, if you want to use the analogy, is like that of a kitchen and a chef,” Toyoda said.

“They have not created a real business in the real world yet. They are trying to trade recipes. The chef is saying ‘Our recipe is going to become the standard of the world in the future!’ At Toyota, we have a real kitchen and a real chef too, and are creating the dishes already. There are customers, who are very picky about what they like to eat, sitting in front of us, and eating our dishes already.”




Toyoda noted that his company makes and sells a much higher volume and variety of cars than Tesla, referring to 100 million Toyota vehicles out on the road owned by individual, fleet and other customers today. Toyota expects to sell about 7.5 million vehicles during its 2021 fiscal year, which kicked off Apr. 1, 2020.

Tesla expects to sell 500,000 electric vehicles in 2020.

Toyoda called Toyota’s offering a “full menu lineup,” referring to the company’s mix of internal combustion engine, hybrid, pure battery electric and fuel cell electric vehicles.

Toyota popularized hybrid electric vehicles with its Prius line, which started selling in 1997. It also made a very limited number of battery electric RAV-4′s, including a second generation electric RAV-4 which it produced in a partnership with Tesla.

But Toyota didn’t commit to making a high volume of pure battery-powered electric vehicles until late last year. That’s when the company announced a joint venture with one of Tesla’s biggest competitors on the global stage, battery turned electric vehicle producers BYD in China.

Although Toyota’s profits fell in its most recent quarter, the company has seen 3% higher sales recovery than the broader autos industry, which is recovering after the pandemic dampened sales in China through the first half of the calendar year.

With signs of a recovery on the horizon, Toyota also more than doubled its full-year forecast. The company now expects to generate an operating profit of 1.3 trillion yen, or about $12.6 billion, for the year through March 2021. (It previously expected a 500 billion yen profit.

SOURCE: CNBC


Tesla Cybertruck Toyota president: Tesla has ‘not created a real business in the real world yet’ tesla-elon-cookin

Hey, Toyota: Tesla may not have a ‘Chef,’ but at least their food doesn’t suck
(CREDIT: INSTAGRAM | HISTORYPHOTOGRAPHED AND DMCUSTOMSNEAKERS)
Tesla Cybertruck Toyota president: Tesla has ‘not created a real business in the real world yet’ work-pic-update-80x80

ByJoey Klender

Posted on November 7, 2020

At some point or another, most of us have cooked a meal for others. If you did a reasonably good job making a meal, someone may say: “You should have been a Chef.” Whether it is a hobby in your spare time or you spent multiple years at a culinary institute, cooking is one of the few things in life that everyone has to experience at some point or another. It could be stovetop ramen or a fine piece of beef with a slice of foie gras. Whatever it is, you do it to your liking, and you usually think you did it well.

However, having the title of “Chef” does not insinuate that someone is good at cooking. Some people study things for several years, and they unfortunately just do not have a knack for it. Most of us have gone to fine dining restaurants at some point or another in our lives, and we prepare ourselves to fully commit and make ourselves vulnerable to the culinary works of whoever is commanding the kitchen that evening. But sometimes, the food simply isn’t to our liking, and you say to yourself, “How could this person ever be considered a Chef?”

Toyota seems to forget that “Chef” doesn’t mean you can cook. In this case, being the head of an automotive company doesn’t mean you’re innovative, good for the job, or even right for the job.
Yet, Akio Toyoda, the President of Toyota, runs his grandfather’s business and was bold enough to cast some stones at Tesla and Elon Musk.

Tesla Cybertruck Toyota president: Tesla has ‘not created a real business in the real world yet’ work-pic-update-80x80

ByJoey Klender
Posted on November 7, 2020

At some point or another, most of us have cooked a meal for others. If you did a reasonably good job making a meal, someone may say: “You should have been a Chef.” Whether it is a hobby in your spare time or you spent multiple years at a culinary institute, cooking is one of the few things in life that everyone has to experience at some point or another. It could be stovetop ramen or a fine piece of beef with a slice of foie gras. Whatever it is, you do it to your liking, and you usually think you did it well.

However, having the title of “Chef” does not insinuate that someone is good at cooking. Some people study things for several years, and they unfortunately just do not have a knack for it. Most of us have gone to fine dining restaurants at some point or another in our lives, and we prepare ourselves to fully commit and make ourselves vulnerable to the culinary works of whoever is commanding the kitchen that evening. But sometimes, the food simply isn’t to our liking, and you say to yourself, “How could this person ever be considered a Chef?”

Toyota seems to forget that “Chef” doesn’t mean you can cook. In this case, being the head of an automotive company doesn’t mean you’re innovative, good for the job, or even right for the job.
Yet, Akio Toyoda, the President of Toyota, runs his grandfather’s business and was bold enough to cast some stones at Tesla and Elon Musk.

“We are losing when it comes to the share price. But when it comes to products, we have a full menu that will be chosen by customers,” Toyoda said. “They aren’t really making something that’s real, people are just buying the recipe. We have the kitchen and chef, and we make real food.”

As if comparing cooking to automotive wasn’t confusing enough, Toyoda actually thinks that Tesla is inferior to his company, even though they don’t have a pure EV in their lineup. They do have a Plug-In Hybrid EV with the Prius PHEV. Still, the company didn’t make any pure EVs because it believes hybrids are “a better bridge between ICE vehicles and hydrogen fuel-cell vehicles,” according to a 2019 article from Car and Driver.

Even still, Toyoda’s apparent attempt to derail and discredit Tesla’s automotive domination through 2020 was weak.


YOUR MEAL THIS EVENING WILL BE PREPARED BY CHEF ELON MUSK

Elon Musk probably doesn’t cook very often for the family. He’s spending his many waking hours trying to figure out what moves will take Tesla to the next level. He likely doesn’t have time to whip up a full dinner for his kids or his partner, Grimes.

Instead, Musk’s full focus is on Tesla. Because of his full-fledged obsession with “accelerating the world’s transition to sustainable energy,” Musk has often said that Tesla’s real competitors are those who refuse to adapt to electrification, and not entities who are embracing the EV revolution, like Volkswagen, for example. Even still, Musk hasn’t gone out of his way to attack CEOs or Presidents of automotive companies that are not willing to build an EV, or a lineup of them, for that matter. Instead, his efforts are solving manufacturing, making cars more affordable, and ensuring the company’s customers that his products are fun to operate.
Tesla Cybertruck Toyota president: Tesla has ‘not created a real business in the real world yet’ volkswagen-id3
The Volkswagen ID.3. (Credit: Volkswagen)THE APPETIZER

Toyota once had an electric car: The RAV4 EV, but it was discontinued in 2014, according to its website. However, the brand has stated that it will produce six new EV models that will launch over the next five years, citing “global demand” as the reason for the embrace of sustainable transportation. However, unveiling three vehicles that are eerily similar to the Smart Car wasn’t exactly what consumers had planned. Therefore, the company will begin to go after the U.S., Europe, and China: three locations with an unquenchable thirst for electric transportation. They will likely enter China before any other market.

The thing is, Toyota doesn’t seem to have a plan, as of now, to transition to a fully electric lineup. Perhaps this is what Toyoda meant by “we have a full menu.”

Like the fiery and passionate Gordon Ramsay, some chefs would say having a “full menu” is not necessarily a good thing. Having a concentration and focusing on one style of food is advantageous for not only the chefs but also for the customers.

Cars are no different. Trying to build a lineup of ICE cars, PHEVs, Hybrids, EVs, and Hydrogen Fuel Cell vehicles will have Toyota in a scenario where they are trying to balance so many different power sources. If Toyota plans to attack each subsection of a vehicle with 5-7 models, there is going to be a lot of different strategies going on, and it could spell confusion. Floyd Mayweather once used this to insult SportsCenter anchor Brian Kenny, stating he was “a Man of many traits, but a Master of Nothing.”

It might be easier to focus on one style of car, maybe two. Not five, Toyota.

THE MAIN COURSE

Tesla and Toyota both have a track record of success. While Toyota’s is longer and more reputable than Tesla’s, just because of a longer existence, Tesla has influenced an entire industry to transition from what they are familiar with. Many car companies focused on creating fast, efficient, and affordable passenger cars powered by fossil fuels. Now that Tesla has come along and proven that EVs are fun, affordable, and good for the environment, massive brands like Ford and Volkswagen are committing themselves to electrification in the future. While some have more ambitious plans than others, there is nothing wrong with taking your time. As long as a company plans to transition away from gas and diesel and into EVs, it will have some backing from sustainability supporters.

THE DESSERT

Unlike most desserts, this one isn’t going to be very sweet.

Listening to the head of one of the largest car companies in the world cast stones at Tesla and Elon Musk is quite shocking. “They wanna see you do good, but never better than them” comes to mind here. At one point, Toyoda may have been hoping Tesla could introduce an EV that would give the company some inspiration. In fact, as a company, Toyota may have wanted someone else to dive into EVs so that it could learn from someone else’s mistakes. However, Tesla has had plenty of those mistakes, but its resiliency, which was highlighted by Elon Musk in a series of Tweets earlier this week, has made it the most valuable car company in the world.

Who is Number 2? Toyota.

Check, please


SOURCE: TESLARATI
Sponsored

 
Last edited:

Crissa

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I'm not sure the translation was right, since it used the world 'real' twice when he didn't repeat terms...

And there is something to being the line cook already busy and with a bit clientele that depends upon you. That's Toyota. They already have a big investment in place.

Tesla doesn't. They don't have legacy infrastructure to really deal with yet, at least not on the scale Toyota does. Tesla can be nimble right now. Toyota would be being hounded by creditors if they tried building factories like Tesla is doing.

Sometimes cash on hand really is better than illiquid capital.

-Crissa
 

Deleted member 5322

Guest
KEY POINTS
  • On Friday, Toyota said it expects to sell around 7.5 million vehicles and to generate an operating profit of 1.3 trillion yen, or about $12.6 billion, for the fiscal year ending in March 2021.
  • During a call to discuss their most recent results, reporters asked Toyota President Akio Toyoda about Tesla and its own plans for electric vehicles.
  • Toyoda acknowledged Tesla’s success, but said its valuation and market cap do not reflect a “real world” business, or compare to Toyota’s high-volume manufacturing and sales



106039019-1564035239233gettyimages-1094232458.jpg

The logo of Toyota Motor is displayed at a company’s car showroom in Tokyo on February 6, 2019.
Kazuhiro Nogi | AFP | Getty Images

During a Toyota Motors earnings call on Friday, executives answered questions about how they plan to compete in the expanding field of electric vehicles, and took a potshot at Tesla’s sky-high valuation

Toyota President Akio Toyoda acknowledged that Tesla’s valuation of around $400 billion is sky high, exceeding that of all seven Japanese automakers combined.

He also said Toyota could learn from Tesla’s success with investors, and its business model, which includes revenue from electric vehicles, regulatory credits, software and renewable energy products.

But, the exec went on to compare Tesla’s business to a restaurant still promoting its recipes, while Toyota is more like a restaurant already serving a huge number of customers.

“I am hesitant to say this — Tesla’s business, if you want to use the analogy, is like that of a kitchen and a chef,” Toyoda said.

“They have not created a real business in the real world yet. They are trying to trade recipes. The chef is saying ‘Our recipe is going to become the standard of the world in the future!’ At Toyota, we have a real kitchen and a real chef too, and are creating the dishes already. There are customers, who are very picky about what they like to eat, sitting in front of us, and eating our dishes already.”




Toyoda noted that his company makes and sells a much higher volume and variety of cars than Tesla, referring to 100 million Toyota vehicles out on the road owned by individual, fleet and other customers today. Toyota expects to sell about 7.5 million vehicles during its 2021 fiscal year, which kicked off Apr. 1, 2020.

Tesla expects to sell 500,000 electric vehicles in 2020.

Toyoda called Toyota’s offering a “full menu lineup,” referring to the company’s mix of internal combustion engine, hybrid, pure battery electric and fuel cell electric vehicles.

Toyota popularized hybrid electric vehicles with its Prius line, which started selling in 1997. It also made a very limited number of battery electric RAV-4′s, including a second generation electric RAV-4 which it produced in a partnership with Tesla.

But Toyota didn’t commit to making a high volume of pure battery-powered electric vehicles until late last year. That’s when the company announced a joint venture with one of Tesla’s biggest competitors on the global stage, battery turned electric vehicle producers BYD in China.

Although Toyota’s profits fell in its most recent quarter, the company has seen 3% higher sales recovery than the broader autos industry, which is recovering after the pandemic dampened sales in China through the first half of the calendar year.

With signs of a recovery on the horizon, Toyota also more than doubled its full-year forecast. The company now expects to generate an operating profit of 1.3 trillion yen, or about $12.6 billion, for the year through March 2021. (It previously expected a 500 billion yen profit.

SOURCE: CNBC


tesla-elon-cooking.jpg

Hey, Toyota: Tesla may not have a ‘Chef,’ but at least their food doesn’t suck
(CREDIT: INSTAGRAM | HISTORYPHOTOGRAPHED AND DMCUSTOMSNEAKERS)
work-pic-update-80x80.jpg

ByJoey Klender

Posted on November 7, 2020

At some point or another, most of us have cooked a meal for others. If you did a reasonably good job making a meal, someone may say: “You should have been a Chef.” Whether it is a hobby in your spare time or you spent multiple years at a culinary institute, cooking is one of the few things in life that everyone has to experience at some point or another. It could be stovetop ramen or a fine piece of beef with a slice of foie gras. Whatever it is, you do it to your liking, and you usually think you did it well.

However, having the title of “Chef” does not insinuate that someone is good at cooking. Some people study things for several years, and they unfortunately just do not have a knack for it. Most of us have gone to fine dining restaurants at some point or another in our lives, and we prepare ourselves to fully commit and make ourselves vulnerable to the culinary works of whoever is commanding the kitchen that evening. But sometimes, the food simply isn’t to our liking, and you say to yourself, “How could this person ever be considered a Chef?”

Toyota seems to forget that “Chef” doesn’t mean you can cook. In this case, being the head of an automotive company doesn’t mean you’re innovative, good for the job, or even right for the job.
Yet, Akio Toyoda, the President of Toyota, runs his grandfather’s business and was bold enough to cast some stones at Tesla and Elon Musk.

work-pic-update-80x80.jpg

ByJoey Klender
Posted on November 7, 2020

At some point or another, most of us have cooked a meal for others. If you did a reasonably good job making a meal, someone may say: “You should have been a Chef.” Whether it is a hobby in your spare time or you spent multiple years at a culinary institute, cooking is one of the few things in life that everyone has to experience at some point or another. It could be stovetop ramen or a fine piece of beef with a slice of foie gras. Whatever it is, you do it to your liking, and you usually think you did it well.

However, having the title of “Chef” does not insinuate that someone is good at cooking. Some people study things for several years, and they unfortunately just do not have a knack for it. Most of us have gone to fine dining restaurants at some point or another in our lives, and we prepare ourselves to fully commit and make ourselves vulnerable to the culinary works of whoever is commanding the kitchen that evening. But sometimes, the food simply isn’t to our liking, and you say to yourself, “How could this person ever be considered a Chef?”

Toyota seems to forget that “Chef” doesn’t mean you can cook. In this case, being the head of an automotive company doesn’t mean you’re innovative, good for the job, or even right for the job.
Yet, Akio Toyoda, the President of Toyota, runs his grandfather’s business and was bold enough to cast some stones at Tesla and Elon Musk.

“We are losing when it comes to the share price. But when it comes to products, we have a full menu that will be chosen by customers,” Toyoda said. “They aren’t really making something that’s real, people are just buying the recipe. We have the kitchen and chef, and we make real food.”
As if comparing cooking to automotive wasn’t confusing enough, Toyoda actually thinks that Tesla is inferior to his company, even though they don’t have a pure EV in their lineup. They do have a Plug-In Hybrid EV with the Prius PHEV. Still, the company didn’t make any pure EVs because it believes hybrids are “a better bridge between ICE vehicles and hydrogen fuel-cell vehicles,” according to a 2019 article from Car and Driver.

Even still, Toyoda’s apparent attempt to derail and discredit Tesla’s automotive domination through 2020 was weak.


YOUR MEAL THIS EVENING WILL BE PREPARED BY CHEF ELON MUSK
Elon Musk probably doesn’t cook very often for the family. He’s spending his many waking hours trying to figure out what moves will take Tesla to the next level. He likely doesn’t have time to whip up a full dinner for his kids or his partner, Grimes.

Instead, Musk’s full focus is on Tesla. Because of his full-fledged obsession with “accelerating the world’s transition to sustainable energy,” Musk has often said that Tesla’s real competitors are those who refuse to adapt to electrification, and not entities who are embracing the EV revolution, like Volkswagen, for example. Even still, Musk hasn’t gone out of his way to attack CEOs or Presidents of automotive companies that are not willing to build an EV, or a lineup of them, for that matter. Instead, his efforts are solving manufacturing, making cars more affordable, and ensuring the company’s customers that his products are fun to operate.
volkswagen-id3.jpg
The Volkswagen ID.3. (Credit: Volkswagen)THE APPETIZER

Toyota once had an electric car: The RAV4 EV, but it was discontinued in 2014, according to its website. However, the brand has stated that it will produce six new EV models that will launch over the next five years, citing “global demand” as the reason for the embrace of sustainable transportation. However, unveiling three vehicles that are eerily similar to the Smart Car wasn’t exactly what consumers had planned. Therefore, the company will begin to go after the U.S., Europe, and China: three locations with an unquenchable thirst for electric transportation. They will likely enter China before any other market.

The thing is, Toyota doesn’t seem to have a plan, as of now, to transition to a fully electric lineup. Perhaps this is what Toyoda meant by “we have a full menu.”

Like the fiery and passionate Gordon Ramsay, some chefs would say having a “full menu” is not necessarily a good thing. Having a concentration and focusing on one style of food is advantageous for not only the chefs but also for the customers.

Cars are no different. Trying to build a lineup of ICE cars, PHEVs, Hybrids, EVs, and Hydrogen Fuel Cell vehicles will have Toyota in a scenario where they are trying to balance so many different power sources. If Toyota plans to attack each subsection of a vehicle with 5-7 models, there is going to be a lot of different strategies going on, and it could spell confusion. Floyd Mayweather once used this to insult SportsCenter anchor Brian Kenny, stating he was “a Man of many traits, but a Master of Nothing.”

It might be easier to focus on one style of car, maybe two. Not five, Toyota.

THE MAIN COURSE

Tesla and Toyota both have a track record of success. While Toyota’s is longer and more reputable than Tesla’s, just because of a longer existence, Tesla has influenced an entire industry to transition from what they are familiar with. Many car companies focused on creating fast, efficient, and affordable passenger cars powered by fossil fuels. Now that Tesla has come along and proven that EVs are fun, affordable, and good for the environment, massive brands like Ford and Volkswagen are committing themselves to electrification in the future. While some have more ambitious plans than others, there is nothing wrong with taking your time. As long as a company plans to transition away from gas and diesel and into EVs, it will have some backing from sustainability supporters.
THE DESSERT
Unlike most desserts, this one isn’t going to be very sweet.
Listening to the head of one of the largest car companies in the world cast stones at Tesla and Elon Musk is quite shocking. “They wanna see you do good, but never better than them” comes to mind here. At one point, Toyoda may have been hoping Tesla could introduce an EV that would give the company some inspiration. In fact, as a company, Toyota may have wanted someone else to dive into EVs so that it could learn from someone else’s mistakes. However, Tesla has had plenty of those mistakes, but its resiliency, which was highlighted by Elon Musk in a series of Tweets earlier this week, has made it the most valuable car company in the world.

Who is Number 2? Toyota.

Check, please


SOURCE: TESLARATI
Too many words to read. And looks like the translation is not even close to the original meaning. I am sorry
 
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TruckElectric

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Toyota would be being hounded by creditors if they tried building factories like Tesla is doing.

Toyota doesn't need to build any more factories but Tesla does by necessity because of growth.
And they wouldn't be hounded by creditors. Toyota has good credit rating, from Moody's:

Toyota Motor Corporation

Ticker:TM
Moody's Org ID:756850
LEI:5493006W3QUS5LMH6R84
Market Segment:Corporates
Industry:AUTOMOTIVE: PASSENGER
Peer Group:Auto Manufacturer

Domicile:JAPAN

LONG TERM RATING
Rating:A1, Not on Watch
Type:LT Issuer Rating
Date:27 May 2020

SHORT TERM RATING
Rating:P-1, Not on Watch
Type:Commercial Paper - Dom Curr
Date:27 May 2020
  • OUTLOOK
  • Negative
  • Date: 27 May 2020
OTHER DEBTS ON WATCH?
No

Tesla on the other hand does not, it's Non-Investment Grade, in other parlance, JUNK

Tesla, Inc.

Ticker:TSLA
Moody's Org ID:823642219
LEI:54930043XZGB27CTOV49
Market Segment:Corporates
Industry:AUTOMOTIVE: PASSENGER
Peer Group:Auto Manufacturer

Domicile:UNITED STATES

LONG TERM RATING
Rating:B2, Not on Watch
Type:LT Corporate Family Ratings
Date:23 Jul 2020

SHORT TERM RATING
Rating:SGL-2, Not on Watch
Type:Speculative Grade Liquidity Rating
Date:23 Jul 2020
  • OUTLOOK
  • Stable
  • Date: 23 Jul 2020
OTHER DEBTS ON WATCH?
No


Sometimes cash on hand really is better than illiquid capital.
Tesla doesn't have "cash on hand", they raised money by issuing stock since their bond rating is so poor. They raised $2B in February and $5B in September.



But this article glares of resentment and jealousy by Akio Toyoda. And this is rare form as well, so it says just how deep-seated this is. Tesla has embarrassed Toyota, so it seems, by their market valuation, stock price and their growth in EV market. But you have to remember that Japanese corporate culture is much different from American corporate culture. And not only that but Japanese culture as well.

Basically Toyoda, and Toyota, believe Elon and Tesla have caused them to "lose face" or "mentsu wo ushinau" over the EV market. Toyota believed their plan of hybrids and hydrogen fuel cells, and at some point BEV when the technology matured, was best. Tesla's advancement in Lithium-ion battery technology and success must have caught Toyota off guard.

GM's response to Tesla was to try and compete in the EV market. But not Toyota, they stood by their business plan and now they are staring at losing market share in the not-so-distant future.
 


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Tesla doesn't have "cash on hand", they raised money by issuing stock since their bond rating is so poor. They raised $2B in February and $5B in September.
Are you saying that the filings with the SEC was incorrect, that they do not have 15 billion in cash they claimed in their 10q filing? Even if you took out the 7 billion they raised (2B for a loan, 5 billion stock sell) in the last year, that still leaves 8 billion... Do you mean that is from investors and stock sales and not from profit made selling cars, battery packs, software, and other such products and services?
 

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Toyoda makes a comment with out a distinction.

SteveJobs did not invent the computer. Apple did not invent the smartphone. Yet AAPL is the most profitable company in the history of the world. It thrives on being a 3rd generation innovator.

Elon is following SteveJobs’ template (https://shorttakes.substack.com/p/h..._campaign=post&utm_medium=web&utm_source=copy). Elon Musk’s genius is that he succeeded where SteveJobs failed. Entering an established market with dominate players to carve away marketshare enough to not only to survive but be profitable. SteveJobs failed NeXT Computer Inc. was merged into AAPL.

Toyota is an incredibly profitable marque. IBM was an incredibly profitable maque…until SteveJobs. Toyoda knows this history well and speaks to the customers who buy cars, hoping to win back loyalty.
 

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Toyota doesn't need to build any more factories ...
...To operate like Tesla does, they would. Tesla just decided their Model Y wasn't cheap enough to build, so are designing a new factory for it. Big machines being experimented with and the installed on three continents simultaneously.

Toyota has good credit, and yet Tesla has more available investment. Just proves my point.

-Crissa
 
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Are you saying that the filings with the SEC was incorrect, that they do not have 15 billion in cash they claimed in their 10q filing? Even if you took out the 7 billion they raised (2B for a loan, 5 billion stock sell) in the last year, that still leaves 8 billion... Do you mean that is from investors and stock sales and not from profit made selling cars, battery packs, software, and other such products and services?
Yes they do have $14.5B cash per the last 10-Q. Both the $2B and $5B are from stock issues
 


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...To operate like Tesla does, they would. Tesla just decided their Model Y wasn't cheap enough to build, so are designing a new factory for it. Big machines being experimented with and the installed on three continents simultaneously.

Toyota has good credit, and yet Tesla has more available investment. Just proves my point.

-Crissa
Well, ok then.......
 
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SteveJobs did not invent the computer. Apple did not invent the smartphone. Yet AAPL is the most profitable company in the history of the world. It thrives on being a 3rd generation innovator.

Elon is following SteveJobs’ template (https://shorttakes.substack.com/p/h..._campaign=post&utm_medium=web&utm_source=copy). Elon Musk’s genius is that he succeeded where SteveJobs failed. Entering an established market with dominate players to carve away marketshare enough to not only to survive but be profitable. SteveJobs failed NeXT Computer Inc. was merged into AAPL.

Toyota is an incredibly profitable marque. IBM was an incredibly profitable maque…until SteveJobs.
Good points all.

Toyoda knows this history well and speaks to the customers who buy cars, hoping to win back loyalty.
If Tesla continues their momentum and keeps improving on quality and reliability there would be no reason for a customer to return to Toyota and they know this.
 

Crissa

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Well, ok then.......
It's a not-so-well-kept secret that name can be worth more than good credit. See also our President's history of debt financing. You're not wrong, it's just not the whole picture.

Investors chase good investments, but they have little in the way of tools to suss out the future. So they lean on prior art, ratings, and names. Rating only means safe, not that it's a good investment, and the other two are barely worth anything at all, but they're better than nothing.

It means, though, that businesses struggle to just be sustainable. Sustainable isn't worth anything to investors.

-Crissa
 

FullyGrounded

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Elon is rewriting how things are done, and he's rattling cages. Everything is on its head, and it doesn't make sense in yesterday's world. Akio Toyoda doesn't have to understand, for this to be real. peace
 

Dids

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Elon is rewriting how things are done, and he's rattling cages. Everything is on its head, and it doesn't make sense in yesterday's world. Akio Toyoda doesn't have to understand, for this to be real. peace
Yup. I loved you for a long time Toyota but you no longer meet my needs in this new world.
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