Relevant newcomer Tesla Inc. compared to Toyota Motor Corp. Now Toyota’s market value has doubled. He certainly deserves the lead, but, when it comes to cooking real food, Toyota is the only one that has a chef and the right cooking equipment to do it.
In a bizarre culinary analogy, Toyota President Akio Toyoda has commented on Tesla’s lead in the market, which has been stimulated by investor interest in all-electric vehicles. The comments were made during a video online video call on Friday about Toyota’s latest profit figures, as reported by Bloomberg.
Toyoda acknowledged Tesla’s lead in terms of share value (Tesla is now valued at 400 400 billion, while Toyota has a market value of more than 200 200 billion) and acknowledged that they could learn from Elon Musk’s company in certain areas. That said, Tesla only sells “dishes”, not real food.
Toyoda compared Tesla’s 7.7,000 cars sold last year to Toyota’s 10.74 million units in the same period. Investors’ interests have skyrocketed Tesla’s stock, but when it comes to customers, they can get the full menu with Toyota, Toyoda explained, culminating in a culinary analogy.
“We lose when it comes to stock prices.” He said. “But when it comes to products, we have a whole menu that will be chosen by customers.”
“Tesla says their recipe will be standard in the future, but Toyota has a real kitchen and a real chef.” Toyoda continued. “They’re not really making something that’s real, people are just buying the recipe. We have a kitchen and a chef, and we make real food. “
He did not elaborate on what Tesla sells and what it means in terms of real cars (excuses, food), but was clear on the fact that Toyota Peak was the best at delivering multiple options for customers. A little something for every taste, if you will – not so much in terms of all-electric variety, which is Tesla’s only option.
What Toyota can learn from many small car manufacturers and new competitors, along with profiting from EVs, renewable energy products and software software updates.
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