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Toyota president: Tesla has 'not created a real business in the real world yet'
Toyota President Akio Toyoda compared Tesla's business to a restaurant still promoting its recipes.
www.cnbc.com
Considering Tesla loses money literally on every copy sold, including even the higher priced models that only show a 'profit' on paper, it's their debt load per car that makes the company deeply negative, and highly unprofitable.
Their primary saving grace has been their stock price, bid up by rather speculative and frothy markets, multiplied by the existence of massive quantitative easing that has been in place since the earliest days of Tesla. That sort of 'tail wind' has afforded Musk the leeway to take numerous risks. That plus SUBSTANTIAL subsidies at federal level, state level, and even internationally, makes it even more fortunate to still be operating as a going concern.
At some point the runway will evaporate and they'll have to fly under their own power, un-aided by these massive tailwinds, and the considerable generosity of OPM.
Toyota can back up everything they say, as they have earned the right to do from providing decades of unparalleled reliability and safety in all of their cars, really essentially being the primary catalyst that kicked American car makers to get their heads out of their you know what's, and actually learn how to produce quality vehicles. The 70's, 80's, and 90's were an absolute embarrassment for US car makers.
Toyota remains the standard bearer for the entire industry. Their hybrid vehicles remain the most reliable of ALL vehicles on the planet, surpassing all ICE only vehicles with many of their batteries lasting 300,000 miles. No one else comes remotely close. Toyota too has 'forgotten more' about battery technology than Tesla will ever learn. They just don't brag about it or wear it on their proverbial shirt sleeves.
They have more patents on battery technology than every other car maker combined, including Tesla. Same thing with fuel cells and fuel cell vehicle technology, which will by the way replace battery operated vehicles sooner than anyone suspects. On board actual fuel beats energy storage every which way to Sunday.
Toyota has not been in any rush or hurry to perfect electric only battery only cars. They are content to allow firms like Tesla be the commercialization and regulatory pioneer, along with taking all the arrows that go with being 'first.'
Musk may be 'smart' but clearly he is just not wise. He simply does not have the decades of manufacturing years of experience nor profitable car making experience and his team is very shallow compared to Team Toyota.
Toyota realizes this is a marathon, not a sprint. What their dealers are trained on with hybrid vehicles will be (as is now) light years ahead of any Tesla dealership or any other car markers dealers. Their factory training and dealer training for every car subject matter, remains the envy of the industry. Your dealers and their training, beyond just the quality of the cars themselves, will make or break your company's profitability. That's why most auto stock prices stink. It's not the advent of EV's that are doing them in. It's their lack of training of dealers, and lack of continuous training and learning at their factory's and in their corporations that have contributed toward their low valuations.
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from the same person who spews it daily.
