Tesla has ‘not created a real business in the real world yet’
November 7, 2020
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6:01Now PlayingTesla has ‘not created a real business in the real world yet’
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as posted by the channelToyota president said that: Tesla has ‘not created a real business in the real world yet’. On Friday, during an earnings call with investors, Toyota CEO, Mr. Toyoda acknowledged Tesla’s success, but said its valuation and market cap do not reflect a “real world” business, or compare to Toyota’s high-volume manufacturing and sales.
This is what he said:
“I am hesitant to say this — Tesla’s business, if you want to use the analogy, is like that of a kitchen and a chef... They have not created a real business in the real world yet. They are trying to trade recipes. The chef is saying ‘Our recipe is going to become the standard of the world in the future!’ At Toyota, we have a real kitchen and a real chef too, and are creating the dishes already. There are customers, who are very picky about what they like to eat, sitting in front of us, and eating our dishes already.”
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