Akio Toyoda was right about EVs ! Toyota bet on hybrids - Makes BILLIONS!

In this video we discuss Toyotas record profits. Instead of shifting to 100% EVs, they sold a mix of ICE, Hybrid and Plug in Hybrids. Looks like Akio Toyoda was right all along. Other OEMs scramble to catch up. Can GM make up ground with Hybrids of their own?
Article referenced in the video:
finance.yahoo....

[@keithlizut6437]

Toyota has metrics, responds to markets and delivers to their customers. Mind blowing concepts.

[@MJ100k]

Exactly 👍

[@bella3008]

While betting on hybrids was indeed the right bet, the grills on the new Toyotas (hybrid Camry for example) are awful. It must be the designers rather than the engineers who are behind these 'designer' grills.

[@MJ100k]

Haha They look ok to me 🤷‍♂️🤣

[@MJ100k]

Yeap in most cases, at all OEMs… The designers make the look of the car first… then the engineers have to make the powertrain and everything else fit within that design.

[@victormoreno2767]

They probably made billions, but Tesla is probably making more than that if you consider it is funding SpaceX.

[@MJ100k]

Well, this video is about Toyota. But if you’d like to discuss Tesla.. Here are some numbers :
According to yahoo finance - For 2023 Toyota made a net income of 32 billion. Tesla made a net income of 15 billion. I wish Tesla well…. But the numbers are the numbers. 🤷‍♂️💯