|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||7,823.00 - 7,823.00|
|52-week range||7,823.00 - 789,515.00|
|Beta (5Y monthly)||0.90|
|PE ratio (TTM)||11.79|
|Forward dividend & yield||200.00 (2.56%)|
|Ex-dividend date||27 Sep 2019|
|1y target est||N/A|
Tesla's stock has more than doubled in value in the last three months, with its market capitalization piercing $100 billion on Wednesday, a first for a listed U.S. automaker. During the rally, its value has leapfrogged more established global rivals: Honda <7267.T>, BMW , General Motors and Daimler . On Wednesday, it eclipsed VW's $99.4 billion value.
Tesla's stock has more than doubled in value in the last three months, with its market capitalisation piercing $100 billion (£76 billion) on Wednesday, a first for a listed U.S. automaker. During the rally, its value has leapfrogged more established global rivals: Honda , BMW , General Motors and Daimler . On Wednesday, it eclipsed VW's $99.4 billion value.
Toyota Motor Corp's labour union plans to seek an average pay rise of 10,100 yen ($91.98) per month in wage negotiations this year, public broadcaster NHK reported on Thursday, 600 yen less than the increase granted last year. Toyota last year offered a pay raise of 10,700 yen on average, which was down 1,000 yen from the previous year. Annual wage talks in March between management and unions - announced by major companies in sectors such as cars and electronics - set the tone for full-time employees' wages across the nation, which have implications for consumer spending and inflation.
Toyota Motor Corp said on Wednesday it is recalling 361,000 older vehicles worldwide for potentially defective air bag inflators. The defect involves a different type of Takata inflator than those that have prompted the largest-ever auto safety recalls worldwide covering more than 42 million U.S. vehicles by 19 automakers with Takata air bag inflators. Honda Motor Co said on Tuesday it will recall 2.7 million older U.S. vehicles in North America for the same type of Takata inflator that Toyota is also recalling.
Toyota Motor Corp said on Tuesday it will recall 3.4 million vehicles worldwide because of an electronic defect that can result in air bags not deploying in crashes. The recall, which includes 2.9 million U.S. vehicles, covers 2011-2019 Corolla, 2011-2013 Matrix, 2012-2018 Avalon and 2013-2018 Avalon Hybrid vehicles and is tied to a report of one fatal crash. The vehicles may have an electronic control unit that does not have adequate protection against electrical noise that can occur in crashes, which could lead to incomplete or non-deployment of the air bags.
(Bloomberg) -- Tesla Inc.’s stock is soaring, and traditional auto manufacturers are staging glitzy presentations of new plug-in models. You’d think the electric-vehicle age was finally dawning.But so far, Tesla is the only car company looking likely to benefit in the coming years. Look at every other corner of the U.S. auto industry -- the world’s most valuable automaker, dealers, consumer surveys and market forecasts -- and a more ominous picture emerges.A top American executive for Toyota Motor Corp., whose market value is still more than double Tesla’s even after Elon Musk’s epic run, recently warned of electric-car catastrophe. Auto retailers caution growth will be slow, citing still-high battery costs and range constraints. And far more U.S. shoppers are willing to kick the tires on a hybrid than cars that only plug in.The cause for concern remains as EVs start to appear in showrooms in greater numbers. The models on the market will swell almost sevenfold to 121 models in the next half decade, from 18 now, according to LMC Automotive. But the researcher sees all those vehicles claiming just 5.5% of U.S. sales in 2025.“We’re going to see electrified Armageddon,” Bob Carter, Toyota’s executive vice president of North American sales, told reporters in December. “Supply is going to get ahead of true customer demand.”There is irony, of course, in Carter predicting an EV reckoning just as Tesla was wrapping up a record year. The dim view he holds is not unique among legacy automakers, which have spent more than a century building and selling cars that burn fossil fuel. But that cautious mindset is rooted in pragmatism -- profits remain elusive in the high-cost, high-price EV business.That’s why Toyota and other automakers have been reluctant to dive head-first into EVs until they’re closer to reaching price parity with internal combustion engine vehicles, which BloombergNEF predicts will happen around 2024.Tesla is being rewarded for not waiting: Its shares surged another 6% on Tuesday to $540.94, a new intraday record. The stock has doubled since Tesla reported a surprise third-quarter profit in October, bringing the company closer to a $100 billion market value.EV sales are expected to grow to be roughly the size of the shrinking mid-size car segment by mid-decade, to about 934,000 units, LMC says. But whereas the meager family sedan market will be split between just 13 models, the researcher expects there to be more than nine times as many EVs fighting for air.Thanks to its hot-selling Model 3 sedan, Tesla accounted for nearly eight-in-10 EV sales in America last year. By 2025, LMC sees Tesla offering seven models that will account for a quarter of segment sales. That would leave the 114 competing offerings from other automakers averaging annual sales of 6,145 per model, or about 118 units a week.“It’s tough to make a business out of that volume per EV,” said Jeff Schuster, senior vice president of forecasting at LMC. “Electric vehicles are the future. What’s in question is when that future will arrive and when it pays off? It’s a long road and there definitely could be some carnage along the way.”Automakers, fearing they’ll be left behind if they don’t accelerate their shift from the internal combustion engine, are going to great lengths to build buzz for new electric models.Ford Motor Co. staged a star-studded unveiling of its Mustang Mach-E in an airplane hangar a short stroll from SpaceX, Musk’s rocket company. Porsche debuted its Taycan using Niagara Falls, a Chinese wind farm and a German solar site as backdrops.But with the notable exception of the Model 3, consumers have not been charged up by the highly touted electric offerings already on the market.Sales of the Chevrolet Bolt sagged almost 9% last year and the Nissan Leaf slumped 16%, with neither cresting 17,000 units. Last month, Mercedes-Benz put off the U.S. debut of its first EV by a year after Jaguar and Audi struggled to sell their first electric offerings.So far, only Tesla and its billionaire chief executive officer have come up with an alluring amalgam of status and sex appeal.“Tesla has created the market by having a mystique,” said Art St. Cyr, the head of American auto operations for Honda Motor Co., pointing to Musk’s Model 3. “If Honda, Toyota, GM or Ford made that vehicle, we probably wouldn’t sell them in those numbers.”Honda, Ford and Toyota, which all have a history of selling hybrids, see them prevailing for the time being because mainstream buyers continue to suffer “range anxiety” -- the fear of being stranded by running out of juice in an EV.“People are not generally willing to pay more to be inconvenienced,” St. Cyr said.General Motors Co. is jumping more aggressively into EVs, with plans to field 20 models worldwide by 2023 and sell 1 million by 2026. It’s joining forces with South Korea’s LG Chem Ltd. to build a $2.3 billion battery factory in Lordstown, Ohio, where the car manufacturer stopped building gasoline-fueled Chevrolet Cruze compacts last year.“Customers aren’t interested in hybrids,” Mary Barra, GM’s CEO, said during an industry conference in November.But a study released by Deloitte this month found 27% of U.S. consumers are actively considering a hybrid, while just 8% are looking at pure electrics. Some 59% of Americans still want gasoline-powered cars, the highest of any country Deloitte surveyed globally.Government mandates have made China the world’s top market for EVs, and European regulators also are stimulating demand with incentives to help reach more stringent goals for reduced emissions.But in the U.S., where President Donald Trump has sought to ease car-pollution rules and fuel is cheap, consumers are in no hurry to ditch the gas pump. The Deloitte study found consumers in the U.S. are most concerned about a lack of charging stations.“The automotive ecosystem still has some work to do in terms of making EVs as easy and convenient as internal-combustion engines,” said Craig Giffi, Deloitte’s vice chairman.The onslaught of new EVs coming could actually help solve the problem. Until now, most EVs other than Tesla’s have been boring “compliance cars” aimed at meeting tougher regulations, said Greg Brannon, director of automotive engineering at AAA, which just conducted a survey that found 96% of EV owners would buy another because the experience was better than expected.“Most people are looking for a crossover utility vehicle these days,” Brannon said. “Now, we’re seeing some of those coming, and that’s what it’s going to take. It has to be something people want to drive and can get excited about.”The pickup segment, home to the three best-selling models in the U.S., is about to get jolt, too. Musk caused a sensation with the unveiling of the Cybertruck in November. Ford has an electric truck under development recently filmed towing 1 million pounds of loaded rail cars. And Amazon.com Inc.-backed Rivian Automotive Inc. plans to roll out its R1T starting late this year.But for all the hype about the chips automakers are pushing forward on the table, it’s unclear when or if their gamble will pay off.“Somebody’s got to buy these things,” said Toyota’s Carter. “There is a market. The question is: How big and when will it mature?”(Updates with Tesla shares in eighth paragraph.)\--With assistance from David Welch, Gabrielle Coppola, Chester Dawson and Melinda Grenier.To contact the reporter on this story: Keith Naughton in Southfield, Michigan at email@example.comTo contact the editors responsible for this story: Craig Trudell at firstname.lastname@example.org, ;Dimitra Kessenides at email@example.com, Keith NaughtonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Japan's Subaru Corp set a target on Monday to sell only electric vehicles worldwide by the first half of the 2030s, in a move towards its long-term goal of a carbon-free society. The news comes as Subaru has strengthened capital ties with Toyota Motor Corp , in a trend of global automakers joining forces to slash development and manufacturing costs of new technology. To supplement the mild hybrid and plug-in hybrid cars already in its lineup, Subaru plans to develop a so-called "strong hybrid" vehicle using Toyota technology and intended to debut later in the decade.
Toyota Motor Corp <7203.T> said on Friday it will move production of its mid-size Tacoma pick-up truck from the United States to Mexico as it adjusts production around North America. The largest Japanese automaker also said it will end production of the Toyota Sequoia in Indiana by 2022 as that facility focuses on mid-size SUVs and minivans. Toyota will shift production of the Sequoia in 2022 to Texas and that plant will end production of the Tacoma by late 2021.
Including the $1.3 billion investment at the Toyota Motor Manufacturing Indiana (TMMI) plant, the company has so far spent about $7.1 billion of the total amount, Toyota said. The refurbished TMMI plant, which has added 550 new jobs so far, will help Toyota meet strong demand for the Highlander, its new mid-size SUV.
Joby Aviation has raised a $590 million Series C round of funding, including $394 million from lead investor Toyota Motor Corporation, the company announced today. Joby is in the process of developing an electric air taxi service, which will make use of in-house developed electric vertical take-off and landing (eVTOL) aircraft that will in part benefit from strategic partner Toyota's vehicle manufacturing experience. This brings the total number of funding in Joby Aviation to $720 million, and its list of investors includes Intel Capital, JetBlue Technology Ventures, Toyota AI Ventures and more.
Carlos Ghosn, once dubbed “an auto industry superhero,” has opened up Japan’s legal system to increased scrutiny ahead of the summer Olympics in Tokyo.
Toyota Motor Corp said on Monday it planned to build a prototype "city of the future" at the base of Japan's Mt. Fuji, powered by hydrogen fuel cells and functioning as a laboratory for autonomous cars, "smart homes," artificial intelligence and other technologies. Toyota unveiled the audacious plan for what it will call "Woven City", in a reference to its origins as a loom manufacturer, at the big annual technology industry show, CES. "It's hard to learn something about a smart city if you are only building a smart block," James Kuffner, chief executive officer for the Toyota Research Institute-Advanced Development, told Reuters.
Toyota researches and tests robotics, material science, automated driving and alternative fuel technology in labs all around the world. Now the automaker is trying a new and far more ambitious project: build a prototype city on a 175-acre site at the foot of Mount Fugi in Japan, where people will live and work amongst all of Toyota's projects, including its autonomous e-Palette shuttles and robots. This won't be another test site, Toyota Motor Corp President Akio Toyoda said Monday during a press conference ahead of CES 2020.
CES 2020 officially kicks off in Las Vegas on Tuesday, and we've already got a good idea of some of the products that will be unveiled — from 8K TVs to smart toilets.
Former Nissan CEO Carlos Ghosn's escape from justice in Japan raises many issues for global business leaders, says this long-time professor.
China's market regulator on Friday has fined Japanese carmaker Toyota Motor 87.6 million yuan ($12.5 million) for price-fixing on its premium Lexus cars in eastern Jiangsu province, according to a document on its website. The decision comes as China steps up regulation over auto sales in the world's biggest vehicle market, where more than 28 million cars were sold last year. The anti-monopoly bureau of State Administration for Market Regulation said that between 2015 and 2018, the Japanese carmaker set a minimum sales and resale price for its cars in coastal Jiangsu province, which deprived dealers of pricing autonomy and harmed customers' rights.
Can robots help solve the problem of an aging population in growing need of physical help but lacking the money and carers to provide it? Japan's Toyota Motor Corp thinks they can, if they are equipped to mimic the touch and actions of a carer located far away. Toyota's latest humanoid robot, T-HR3, demonstrated on Wednesday at Tokyo's International Robot Exhibition, is controlled remotely by a human operator.
Toyota Motor Corp expects its global vehicle sales to stay at record highs in 2020, even as demand shows signs of slowing in China and the United States, the world's top car markets. The Japanese automaker said it planned to sell a record 10.77 million vehicles next year, including cars sold under the Toyota, Lexus and Daihatsu brands along with Hino trucks, a touch higher than its plans to sell 10.72 million units for the year ending December. Competition to sell more vehicles is tight among the world's biggest automakers as they try to boost sales to achieve economies of scale and reduce costs at a time when they are investing heavily to develop next-generation technologies including self-driving vehicles and electric cars.