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500,000 vehicles from Tesla versus 7.5 million for Toyota projected for this financial year. Anyone reading this should understand what is happening. One disr
by lancewiggs 6y ago
500,000 vehicles from Tesla versus 7.5 million for Toyota projected for this financial year.
Anyone reading this should understand what is happening.
One disruptive company is growing in leaps and bounds (50% up Y/Y Q/Q for Tesla) using intrinsically cheaper and better technology, and taking a much wider view of the market by including power generation supply and storage.
The other switched to hybrid powered vehicles fast but stopped there, and thereupon lost value. Toyota sold 10 million cars in CY2019 and forecasts a COVID affected 7.5m for the year ended March 21. Sadly they don't even make electric utes (light trucks) for use in underground mines, let alone EVs for taxis and so on.