Toyota Motor Corp (TSE)
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Toyota stocks are trading
20% off their peaks. The company has made a strategic target hybrid, electric
and hydrogen vehicles manufacturing. EV makers are now experiencing some issues
with the production of batteries. So, prices on new electric vehicles rose
sharply. Car makers and battery producers are working together to increase
production, but this is not a one time story and may have an effect in a few
Electric vehicles are
considered to be rather luxury cars, but they are even more expensive now.
Tesla has recently raised its prices for some models by $6,000. Whatever the
case, EV production is expensive and prices start at $50,000 per car. Hybrids
are more affordable as it may cost around $30,000 for Toyota’s popular RAV4
model, while the same model with the combustion engine would cost $27,500. But
the Hybrid version can make up to 51% more miles and leave a significantly
lower carbon footprint.
Humanity is moving
toward electric transport, but now they are considered to be more of a status
vehicle. So, hybrids will be in demand for now and that would allow Toyota to
raise its revenues along with improving electric vehicle technology.
Toyota has EV / EDITDA
ratio at 11.8 while Tesla has it at the sky-high level of 32 with the same
comparable business margins. So, TM stocks are a long term perspective bet.
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