Toyota President Akio Toyoda considered that Tesla's valuation of about 400 billion was too high, which is the assessment of all seven Japanese automakers combined.
Toyoda was quoted by CNBC as saying that Toyota could learn from Tesla's success with investors, and from its business model that includes revenue from electric cars, regulatory credits, software and renewable energy products.
But the Toyota CEO likened Tesla to the restaurant, which is still promoting his recipes, while his company is a real one that actually caters to customers.
"They haven't created a real business in the real world yet. They try to trade recipes and say their recipe will become the standard in the future, but at Toyota we have a real kitchen and a real chef, and we actually prepare the dishes. And there are customers who are very selective about what they like to eat and eat from." Our dishes are already. "
Toyoda noted that his company manufactures and sells a much larger number of cars, pointing to 100 million Toyota cars currently on the road, and he expected about 7.5 million cars to be sold during the fiscal year 2021, which began on April 1, 2020.
In contrast, expectations indicate that Tesla has sold about 50 thousand electric cars this year.
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