[ad_1]
Although Tesla has only a few car models, its share price is quite high, surpassing even traditional car makers. The Toyota president recently said Tesla’s market value does not reflect its actual value and believes they do not yet have a solid business.
Toyota chairman Akio Toyoda was recently questioned about Tesla’s views at the performance report conference, saying Toyota can win investor favor from Tesla and its profit model, including EV revenues, authority indemnities regulations, software development and remanufacturing. Information on energy products.
However, he also said Tesla’s current valuation of around $ 400 billion is too high and surpassed the total of seven Japanese carmakers. Think if you use the analogy of a chef, Tesla is like selling recipes, making others think that his recipes are going to be very successful, but they haven’t actually started cooking. Toyota already has a kitchen and a chef, and is already preparing several dishes and greeting guests.
Toyota Akio pointed out that Toyota products meet different needs and far exceed Tesla regardless of style and sales. And they will also invest more resources in developing pure electric vehicles, hoping to conquer more markets.
Source: CNBC
[ad_2]
Source link
