Toyota Loses Big Advantage to Tesla and GM

Toyota  (TM) – Get Toyota Motor Corporation Report is on one knee. 

The Japanese automaker has enjoyed a big advantage for a long time, enabling it to seduce consumers interested in less polluting vehicles. This advantage has just disappeared at the worst time for the vehicle manufacturer, which has chosen a different strategy in electrification compared to its main rivals. 

Toyota has announced that it recently sold its 200,000th clean vehicle — plug-in vehicles + electric vehicles — in the United States. If this sale is good for the revenues and possibly the margins of the company it has important consequences.

Source: https://www.thestreet.com/technology/toyota-loses-big-advantage-to-tesla-and-gm?puc=yahoo&cm_ven=YAHOO&yptr=yahoo