3 ms·
Toyota isn't an energy company. It doesn't develop its own battery technology that applies to much larger markets than automobiles. Not to mention charging infr
by dd36 6y ago
Toyota isn't an energy company. It doesn't develop its own battery technology that applies to much larger markets than automobiles. Not to mention charging infrastructure and self-driving. That's like comparing Amazon to CVS because CVS sells goods too. Meanwhile Amazon is aimed much more broadly.
- totalZero 6y ago> Toyota isn't an energy company. Toyota Tsusho has engaged in the renewable energy business for more than 30 years, from development to operation of power stations, with a focus on wind power and solar power generation. The company plans to make use of its expertise in management of such business in this project in order to foster the transition to a low-carbon society. https://global.toyota/en/newsroom/corporate/32098091.html https://global.toyota/en/newsroom/corporate/32098091.html
- dd36 6y agoToyota et al are great at press releases and compliance cars. The fundamental difference is Tesla sees these things as opportunities and the old guard sees them as annoyances they have to feign concern for. That's why Tesla is eating their lunch. Walmart was always just about to crush Amazon...
- totalZero 6y agoTSLA market cap is huge but it's a stretch to say that Tesla Motors is eating Toyota's lunch. The point isn't the press release, it's that Toyota has spent decades doing what you say they don't do.
- dd36 6y agoToyota is not in any way shape or form operating at anywhere near the same level on the energy side as Tesla. When it comes to electric cars and technology, Tesla absolutely is eating Toyota's lunch despite Toyota having been in a better position a decade or more ago. The Model 3 took a bite out of Lexus' sales. Electric cars are the future. That cake is already baked.