|Bid||126.36 x 1100|
|Ask||126.41 x 1100|
|Day's range||126.33 - 127.47|
|52-week range||108.01 - 145.41|
|Beta (5Y monthly)||0.83|
|PE ratio (TTM)||7.74|
|Forward dividend & yield||4.05 (3.21%)|
|1y target est||156.13|
Amid the coronavirus mayhem, which has caused motor show schedules go haywire, automakers are now aggressively switching from in-person reveals to online events.
The new North American free trade agreement that came into effect on July 1 was touted by US president Donald Trump as an engine of American job creation. The US-Mexico-Canada agreement requires 40 per cent or more of parts for each passenger vehicle to be manufactured by workers who are paid at least $16 an hour as a condition to make them tariff-free in the region. Mr Trump hailed that feature as a way to boost production in the US, which has a higher hourly rate than Mexico.
Tesla stock seems to be on an endless rally to the moon
Marketing research firm Kantar and advertising giant WPP (NYSE: WPP) have released their 2020 Top 100 Most Valuable Global Brands report, and Tesla (NASDAQ: TSLA) is climbing the ladder. The electric-vehicle maker's brand value has jumped 22% versus 2019, according to the report. While Tesla's market capitalization has now surpassed Toyota's (NYSE: TM), the Japanese automaker still leads the auto category for overall value.
Toyota (TM) is set to achieve its five-year U.S. investment commitment a year earlier than anticipated, along with the creation of more than 6,500 new jobs.
Tesla has overtaken Toyota to become the world’s most valuable carmaker by market value, in the week that marks the 10th anniversary of the electric auto pioneer’s stock market entry. The electric carmaker’s shares have climbed fivefold during the past year, from $230 about 12 months ago to $1,100 on Wednesday, taking the company’s market capitalisation to $205bn. Toyota, the world’s second-largest single carmaker measured by output with annual production of more than 10m vehicles, was worth about $200bn on Wednesday after its Japan-listed shares fell 1.5 per cent to ¥6,656 ($61).
While Cummins (CMI) teams up with NPROXX for hydrogen storage tanks, Goodyear Tire (GT) and Lordstown Motors partner for tires and services.
While Dodge and Kia hold the top positions in the influential 2020 J.D. Power Quality Survey, Tesla takes the last spot.
Toyota Motor Corp <7203.T> holds a $293 million (£234 million) stake in Uber Technologies <UBER.N>, as it partners with the ride-hailing company to further expand into new mobility services, Toyota's latest corporate governance report released on Wednesday showed. The Japanese automaker has also unloaded shares in some of its suppliers, adjusting its portfolio to reflect partnerships with rival automakers and technology firms as it transforms into a mobility services company, the report showed. Reporting the total size of its stake in Uber, which became a listed company last year, Toyota said it held 10.25 million shares valued at 31.15 billion yen (£233.89 million) as of March 30.
In July, Toyota (TM) plans to manufacture 71,000 and 39,000 fewer vehicles worldwide and in Japan than initially planned, respectively.
Toyota Motor Corp said on Monday it would make 10% fewer vehicles next month than originally planned, as it gradually resumes output following factory closures earlier this year due to the coronavirus pandemic. For the April-July period, Toyota anticipates a global production drop of 30% from its initial plans, made before the virus outbreak and a plunge in demand for vehicles. At home, Toyota plans to make 39,000 fewer vehicles in July, or 10% less than initially planned.
Automakers are speeding up U.S. assembly lines to meet recovering demand, increasingly confident coronavirus safety protocols are working to prevent outbreaks in their plants but wary of the challenges workers face outside. Screening workers for COVID-19 using temperature scans and questionnaires, the automakers have detected some people who reported for work despite being sick. The risk of an infection picked up outside a plant spreading along assembly lines remains a prime concern, however.
While Ford (F) and Volkswagen (VWAGY) finalize their partnership to build EVs, vans and pickups, Toyota (TM) joins forces with five China-based firms to develop fuel cell vehicles.
In order to assist cash-strapped customers, Toyota (TM) is relaxing auto-loan payment deadlines and offering used rental cars instead of new ones.
Wedbush Securities analyst Dan Ives said he thinks it still has "room to run further" even after the stock reached his base-case price target to $1,000 per share from $800.