TM - Toyota Motor Corporation
137.05 0.00 (0.00%)
After hours: 5:12PM EDT
| Previous Close | 137.82 |
| Open | 137.55 |
| Bid | 135.18 x 800 |
| Ask | 138.85 x 800 |
| Day's Range | 136.57 - 137.63 |
| 52 Week Range | 111.12 - 137.89 |
| Volume | 83,119 |
| Avg. Volume | 139,481 |
| Market Cap | 194.782B |
| Beta (3Y Monthly) | 0.66 |
| PE Ratio (TTM) | 8.38 |
| EPS (TTM) | 16.36 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 3.52 (2.55%) |
| Ex-Dividend Date | 2018-09-27 |
| 1y Target Est | 149.14 |
- American City Business Journals
Major Toyota supplier looks to add high-tech employees after Plano expansion
A major Toyota supplier completed an expansion of its Plano facility and is looking to nearly double its employee base. The DENSO facility in Plano that started in 2017 as a sales office currently has 56 employees and six contractors, said David Williams, director of the Texas Innovation and Connected Service Center. The company's $1.3 million expansion of its Plano facility gives it research and development capabilities.
- American City Business Journals
Chevron-backed Seattle startup scores breakthrough deal with Toyota
A new factory in Houston will boost production of Modumetal's rust-busting coatings for fasteners used in the oil and gas sector. The companies are also eyeing expansion to the construction and automotive markets.
- InvestorPlace
Tesla Is the Ferrari of EVs — And That’s Not Good for TSLA Stock
Like most American males, I love cars. I may not know much about them, but I love driving fast (in accordance with local and state laws, of course). And Tesla (NASDAQ:TSLA) is one of those rare companies that has combined multiple technologies into one cohesive whole. In the past, this has supported a wild upswing in TSLA stock.Source: franz12 / Shutterstock.com Better yet for car enthusiasts, Tesla has never stopped innovating. Recently, the iconic sports-car manufacturer Porsche (OTCMKTS:POAHY) made waves with its Taycan electric vehicle. Recently, a Porsche Taycan Turbo lapped Germany's famous Nurburgring track with a time of 7:42. In doing so, the automaker set a lap record for a production electric vehicle.If you've seen the undulating curves and corners of the Nurburgring, you know that anything under an eight-minute lap time is wicked fast. Not to be outdone, Tesla ran its latest Model S around the same track. Unofficially, the S completed a full cycle 20 seconds faster than the Taycan. And if that's a truly legitimate time, Tesla stock deserves an upgrade just on the improved performance alone.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn the world of auto racing, a hundredth of a second may represent the difference between victory and defeat. When you're talking about 20 seconds in this context, it's a different dimension. Again, in theory, this should lift the TSLA stock convincingly. * 7 Momentum Stocks to Buy On the Dip After all, look at Ferrari (NYSE:RACE). Its business is entirely based on performance and sex appeal.But Tesla is no Ferrari. Clearly, it's best suited for being an EV supercar manufacturer, yet it insists on being a "regular" automaker. Unfortunately, this confusing message hurts Tesla stock in the long run. TSLA Has Ferrari-esque Running CostsAlthough not apparently a priority, Tesla is nevertheless working hard on its uber-cool Roadster. A true supercar, the company claims it will hit 60 miles per hour from a standstill in 1.9 seconds.That's the kind of outrageous statistic that gets people excited about Tesla, and perhaps TSLA stock. For context, Ferrari's 812 Superfast -- that is unfortunately its real name -- hits 60 one second slower. As I mentioned up top, one second is an eternity.Thus, with the EV platform, Tesla has not only matched the competition in terms of streetlight-to-acceleration, it has utterly dominated its fossil-fueled exotic peers. However, it's proven performance won't do much for Tesla stock. That's because TSLA insists on providing a comprehensive product portfolio.On the surface, I'm okay with that. For instance, Toyota (NYSE:TM) has found great success building reliable every-man cars. At the same time, it has ventured into the luxury and performance categories with its Lexus brand.But the difference here is that Toyota -- aside from the larger scale -- has a cohesive strategy. In other words, it's not like Tesla, trying to peddle deceptively expensive cars to middle-class drivers. The hidden expenses of owning even the "entry level" Model 3 represents a longer-term risk for TSLA stock.While EVs undeniably appeal to the techie crowd, they also have multiple liabilities. Specific to Tesla, its EVs are expensive to insure: Essentially, it's on par with insuring a Porsche 911.And why is protecting your Tesla so onerous? To put it simply, Teslas basically are the Ferraris of EVs, but it doesn't want to admit that. Because of their exotic technology and parts, they're very expensive to repair.As such, they should only be marketed to the affluent. Anyone who blinks at $10,000 or higher repair bills shouldn't drive these things. TSLA Stock Faces Risks from Eroding Consumer BaseI wasn't kidding about the $10,000, either. One unfortunate Tesla driver documented his nightmare story of a fairly typical fender-bender accident. After being rear-ended by an SUV, he received a final bill for the damage totaling nearly $36,000.From the pictures the driver shared, I think we can all agree that the damage is not worth the cost of an entry level Mercedes Benz model. And from what other Tesla drivers shared, these are not necessarily atypical expenses.Again, this is because Teslas are exotic cars masquerading as normal ones. While the average consumer is initially wowed, more people eventually will catch on. When they do, they probably won't want to deal with EVs and their (expensive) quirks.Instead, they'll go back to the trusty internal combustion engine. Yeah, it's loud and environmentally unfriendly. But when you're facing a $36,000 repair bill, any alternative is a better alternative. And that really doesn't bode well for Tesla stock.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post Tesla Is the Ferrari of EVs -- And Thatas Not Good for TSLA Stock appeared first on InvestorPlace.
- Zacks
Auto Stocks: Values or Traps?
The auto stocks sure look cheap but with the global economy slowing and GM workers on strike, is it a fake out?
- Zacks
Toyota (TM) Invests $391 Million at San Antonio Facility
Toyota's (TM) investment would boost the San Antonio plant's capabilities.
- Barrons.com
How an International Stock Fund Finds Its Winning Recipe
The Buffalo International fund looks across the globe for companies that can deliver consistent growth. Its approach has paid off.
- American City Business Journals
Regional economic development strategy brings Toyota, Aisin wins
Nearly $800 million in combined new investment between the two automotive companies could drive more corporate interest in the Alamo City area.
- Reuters
Toyota banks on Olympic halo for the humble bus to keep hydrogen dream alive
Buses may not be the most glamorous mode of transport but at the 2020 Tokyo Olympic games, they will represent Toyota Motor Corp's best bet for wider acceptance of hydrogen power - technology so far eclipsed by electric vehicles. Japan's biggest automaker plans to roll out 100 hydrogen fuel cell buses to shuttle visitors between venues, a stepping stone to a big ramp up for the Beijing Winter Olympics in 2022. There, more than 1,000 buses are planned in partnership with Beiqi Foton Motor Co , according to people familiar with the project, which aims to make the most of a push by China to start adopting the zero-emissions technology.
- Reuters
UPDATE 2-Toyota invests $391 million in its Texas truck assembly plant
Toyota Motor Corp said on Tuesday it was investing $391 million in its pickup truck assembly plant in San Antonio, Texas, as part of the Japanese automaker's plan to invest $13 billion in its U.S. operations over five years through 2021. The company said the investment will be used to introduce advance manufacturing technologies at the plant and also to help with the development and education of the local workforce. Christopher Reynolds, Toyota Motor North America's chief administrative officer, told Reuters the investment could allow the company to eventually boost the plant's capacity but no decision has been made.
- Moody's
Toyota Credit Canada Inc. -- Moody's announces completion of a periodic review of ratings of Toyota Credit Canada Inc.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Toyota Credit Canada Inc. New York, September 17, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Toyota Credit Canada Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
- American City Business Journals
Cibolo to get $400M facility, 900 jobs on heels of SA's big Toyota win
The combined economic victories will better position the region as a major American automobile manufacturing hub.
- PR Newswire
Toyota Injects $391 Million New Investment in Its San Antonio Assembly Plant
SAN ANTONIO, Sept. 17, 2019 /PRNewswire/ -- Through its commitment to build vehicles where they are sold, Toyota is investing $391 million at its San Antonio truck assembly plant to better serve customers. Once complete, the plant's total investment will exceed $3 billion. Today's announcement comes as part of a broader commitment from Toyota to invest $13 billion in its U.S. operations over five years through 2021.
- Reuters
Toyota invests $391 million in its Texas truck assembly plant
Toyota Motor Corp said on Tuesday it was investing $391 million in its pickup truck assembly plant in San Antonio, Texas, as part of the Japanese automaker's plan to invest $13 billion in its U.S. operations over five years through 2021. Christopher Reynolds, Toyota Motor North America's chief administrative officer, told Reuters the investment could allow the company to eventually boost the plant's capacity but no decision has been made. Toyota's San Antonio truck plant assembles full-size Tundra and mid-size Tacoma pickup trucks and along with its on-site suppliers employs more than 7,200 workers at the plant complex.
- American City Business Journals
Toyota to invest nearly $400M in San Antonio plant
The capital investment is expected to give the automaker's Alamo City facility greater production flexibility.
- Zacks
Toyota-Panasonic JV Receives European Commission's Approval
Toyota (TM) to use the same cylinder type batteries as used by Tesla.
- Market Realist
Electric Pickup Trucks: Could Ford and GM Outdo Tesla?
In the electric pickup truck market, legacy automakers Ford and GM are set to take on established electric vehicle maker Tesla and startups such as Rivian.
- Yahoo Finance
Retail sales show consumers remain in 'pretty good shape': Economist
The U.S. consumer is in 'pretty good shape,' economist says.
- Zacks
General Motors Recalls 3.4M Vehicles to Fix Brake Problem
To fix brake problem, General Motors (GM) is working on a corrective action involving reprograming of the Electronic Brake Control Module with a new calibration.
- Reuters
REFILE-UPDATE 2-Toyota using Tesla-style Panasonic batteries for China hybrids - sources
Toyota Motor Corp has started using the same type of battery that Panasonic Corp designed for Tesla Inc in some of its plug-in hybrids sold in China, sources familiar with the matter said. Toyota is using Panasonic's cylindrical batteries in its new Corolla and Levin plug-in hybrid sedans launched in China this year, one of the people said.
- Reuters
UPDATE 1-Toyota using made-for-Tesla Panasonic batteries for China hybrids -Nikkei
Toyota Motor Corp has started using batteries that Panasonic Corp designed for Tesla Inc in some of its plug-in hybrids sold in China, the Nikkei business daily reported on Friday. Toyota is using Panasonic's cylindrical batteries in its new Corolla and Levin plug-in hybrid sedans launched in China this year, the Nikkei said, without citing sources. Toyota, which also uses Panasonic's prismatic batteries for hybrids, is believed to have ordered about 50,000 of the cylindrical batteries, as the automaker struggles to secure stable supplies of high-quality batteries to meet growing demand, the paper said.
- Reuters
Toyota using Tesla-style Panasonic batteries for China hybrids: sources
Toyota Motor Corp has started using the same type of battery that Panasonic Corp designed for Tesla Inc in some of its plug-in hybrids sold in China, sources familiar with the matter said. Toyota is using Panasonic's cylindrical batteries in its new Corolla and Levin plug-in hybrid sedans launched in China this year, one of the people said. The batteries are the same size as those that Panasonic makes for Tesla, but the composition is different, said the sources, who declined to be identified as the matter is private.
- Yahoo Finance Video
Trump admin bars California from setting auto emissions rules
The Trump White House escalates its battle with California. Yahoo Finance's Julie Hyman, Adam Shapiro, Rick Newman, and Patrick DeHaan - GasBuddy Head of Petroleum Analysis.
- Bloomberg
Why Toyota Is Making a $391M Texas Truck Bet
Sep.17 -- Christopher Reynolds, Toyota North America chief administrative officer, manufacturing & corporate resources, discusses the manufacturer's investment in its Texas truck plant that will build its next-generation pickups, and the outlook for passage of the USMCA. He speaks on "Bloomberg Markets: European Close."
