
Toyota Chief Hitting The Brakes On Electric Vehicles
Toyota's president is sending up flares about migrating to electric vehicles too quickly\.
I totally agree but would add that SS batteries in general, regardless of the manufacturer will make Li-Ion obsolete for EV use. This is why I personally feel the need to wait a few years for everything to shake out before I purchase an EV. If there was an affordable upgrade path for current EV's to swap out their old tech batteries for SS batteries I would buy today.Don't bet against Toyota. Some "click waiting" here but many points made in this article are spot in.
"Toyota's Solid-State Battery Will Crush Tesla Li-Ion Updates | Torque News" Toyota's Solid-State Battery Will Crush Tesla Li-Ion Updates | Torque News
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I could totally see Toyota sit out of the BEV rush for a bit, pivot quickly once the battery technology allows them to offer a competitive $25K car that they can make tons of profits with, then go all in.I totally agree but would add that SS batteries in general, regardless of the manufacturer will make Li-Ion obsolete for EV use. This is why I personally feel the need to wait a few years for everything to shake out before I purchase an EV. If there was an affordable upgrade path for current EV's to swap out their old tech batteries for SS batteries I would buy today.
Tesla is one if not the most overvalued company on the planet. Their stock is valued at more than Toyota, Honda, VW, Ford, Chrysler and GM combined yet they sold less than 500,000 units in 2019.
Call Tesla what ever you want but the fundamentals do not support a fraction of their valuation. They have a cult following right now but that won't last, especially if they don't improve their quality and service. JMO.I could totally see Toyota sit out of the BEV rush for a bit, pivot quickly once the battery technology allows them to offer a competitive $25K car that they can make tons of profits with, then go all in.
WRT to TSLA valuation. I agree they are a bit overvalued and due for a correction but not on the basis of the Automobile market. One needs to consider TSLA as a transportation + energy company. Think solar roof, powerwall, bidirectional charging, home HVAC systems (Elon's referred to it). In fact, I would not at all be surprised to see a Tesla heat pump based refrigerator + hot water heater/tank in the future. The potential for that market is HUGE.
Different discussion but I would argue that valuation via fundamentals is more applicable for established businesses. and not for a growth business. I'm not a TSLA investor but I'll give an example of 2 stocks I have owned for a couple of years now. Both media companies. AT&T and Roku. Roku has lost money the entire time I've owned it (they did turn a profit last quarter) whereas AT&T made money consistently and paid a healthy dividend (~7%). AT&T has far stronger fundamentals but even with the dividend, the returns have been flat. Roku is a 10 bagger.Call Tesla what ever you want but the fundamentals do not support a fraction of their valuation. They have a cult following right now but that won't last, especially if they don't improve their quality and service. JMO.
Do what works for you but without the help of the Fed who knows with the stock market would look like today. Same could perhaps be said for sales of EV's getting federal and state rebates , although Tesla no longer qualifies that might change. I am not really in favor of government (my tax dollars) subsidizing private industry.Different discussion but I would argue that valuation via fundamentals is more applicable for established businesses. and not for a growth business. I'm not a TSLA investor but I'll give an example of 2 stocks I have owned for a couple of years now. Both media companies. AT&T and Roki. Roku has lost money the entire time I've owned it (they did turn a profit last quarter) whereas AT&T made money consistently and paid a healthy dividend (~7%). AT&T has far stronger fundamentals but even with the dividend, the returns have been flat. Roku is a 10 bagger.
Was my investment in ROKU just speculation that I got lucky with? Absolutely not... What I was betting on was the future of television moving to streaming. Anyone who was an early adoptee of OTT services saw this one. Sling, Hulu, Youtube TV, etc... It just so happens that COV accelerated this move but it was inevitable.
Investing for growth, dividends are bad news. It's a sign the company is out of ideas to fund for growth and would rather return the profits its shareholders.
What did the fundamentals look like for Apple when Steve Jobs first rejoined the company in 1997 when Michel Dell said they should “shut it down and give the money back to the shareholders.” ?
Getting back on point... I do think TSLA stock price is a bit inflated and due for a correction but based on potential, I could easily see them becoming a Trillion dollar company but not just as a automobile manufacturer.
I have no skin in the game... not a TSLA investor, owner or a fan. I invest to make ME money.
Part of the stock price is based on the company’s potential. As long as Tesla shows signs if expansion and growth, they will be overvalued.Call Tesla what ever you want but the fundamentals do not support a fraction of their valuation. They have a cult following right now but that won't last, especially if they don't improve their quality and service. JMO.
I read somewhere there were only 4000 units built. Great engineers, stubborn management.They aren't even stocking the Rav4 Prime in Alberta
Stubborn indeed...I read somewhere there were only 4000 units built. Great engineers, stubborn management.