Is Toyota Finally Facing Tesla Shock?
Toyota has long been king of the hill in the auto world, or at least competing for that title with Volkswagen Group if you added up all its brands and it was having a good year. At the top of the mountain for overall sales and also in the model sales rankings, you’d find Toyota quickly. That’s been the case in market after market, too. And for all the hype around Tesla disrupting the auto world, the focus has been on the higher-cost half of the market.
!* Many or most Tesla fans — and even Tesla haters who follow Tesla news closely — expected this was coming. It’s long been considered a possibility for this model — before even the first Model Y was delivered. Reportedly, though, Toyota didn’t see it coming. An industry insider reportedly told that it was a bit of a shock to the Japanese auto giant with the Model Y outsold the Toyota Corolla. “That was a big blow that really started tipping things,” they said.electrification . Yoshio Nakamura, Toyota’s deputy chief of global production, now says that it’s going to learn some things from Tesla but then go ahead and do a better job than Tesla at producing electric cars.
Here’s a quote from Nakamura: “Of course, we admit Tesla has wonderful technology. But that just motivates us to work harder to catch up. If we are to learn from them, it won’t be a copy. We will improve upon them through.” The most eye-catching part of that quote for me is “to catch up.” Nakamura is explicitly admitting right there that Toyota is.
Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps —If you like what we do and want to support us, please chip in a bit monthly via
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla Finally Builds First Cybertruck At Gigafactory TexasTesla has announced on Twitter that its team at Gigafactory Texas has manufactured the first Cybertruck electric pickup.
Read more »
Tesla builds its first Cybertruck four years after unveiling prototype | CNN BusinessTesla finally built its first Cybertruck, the company tweeted Saturday, two years behind schedule.
Read more »
Tesla builds its first Cybertruck four years after unveiling prototypeTesla finally built its first Cybertruck, the company tweeted, two years behind schedule.
Read more »
Broncos' Javonte Williams Facing Make-Or-Break Season In 2023Javonte Williams is entering a make-or-break year in a new-look Broncos offense in 2023. Given the severity of his injury, how he looks upon his return could determine the upside he'll have for the remainder of his young career. BroncosCountry
Read more »
Raiders' Divine Deablo Facing Make-Or-Break Season In 2023Raiders LB Divine Deablo was enjoying a strong sophomore season when injury cut his year short. He is now entering a critical make-or-break campaign in 2023 👇 RaiderNation
Read more »
Cardinals' Zaven Collins Facing Make-Or-Break Season In 2023Zaven Collins is facing a make-or-break year for the Cardinals in 2023. There’s a strong indication that Collins is experiencing a position switch under Gannon’s new staff. His 2023 performance will shape his future in Arizona. Cardinals
Read more »