Tesla Tells Toyota Buh Bye
Not surprisingly Toyota tells Tesla to get out of the deal with a RAV4 electric vehicle business. In fact, this move could be summed up as Toyota tells Tesla that their partnership was only about meeting regulatory requirements. Their total acceptance and admission to Green Living Guy staff that the car was used to meet CARB credits was more than enough evidence to prove it was a foolhardy approach at a joint venture. Furthermore, the last time a car company only did an electric car for CARB credits was Ford and GM. That was when they went junk bond status in 2004-2005.
Their consistent lack of understanding of what a customer needs and wants with their drive toward trying to convince people their cars reign supreme shows they are out of touch. Recently, there have been notable moments where, in effect, Tesla tells Toyota that traditional methods aren’t enough for today’s consumers.
Tesla Tells Toyota they think their Management believes they know more than Consumers
Management is so far off base when it comes to understanding people want electric cars and plugins. Recent quarterly reports show diminishing Prius sales and increasing plugin Prius sales. You’d think they’d get 1+1=2 but they think it’s 3. In a similar dynamic, Toyota must realize that Tesla tells them something every quarter with the shifting market numbers.
This deteriorating destruction of Toyota now lends itself to Tesla outright dissing the car company. Moreover, a recent quarterly report from Tesla shows they will not be selling batteries or drive systems to Toyota going forward. As a result, we see that Toyota now receives the message loud and clear. Tesla tells Toyota it’s time to move on.
Toyota Plug-In Prius
One of the first problems Toyota has shown was the plugin Prius. It’s a completely undersized battery pack for a plugin hybrid. In fact, it’s so bad that all the other competition is destroying Toyota with ranges of up to 50 percent more range than the plugin Prius. All things considered, the automotive world repeats a fact. Toyota needs to listen when Tesla tells Toyota about innovation and range.
Now, partner that with Tesla Motors developing their own crossover. According to USA Today, Bloomberg News found word of the end of the arrangment in a corporate filing from Tesla last week.
Toyota to end RAV4 EV This Year
Toyota is expected to end the current RAV4 EV model this year. That’s definitely a significant decision that reflects the evolving landscape of electric vehicles. In a recent report, Bloomberg quoted Tesla as saying in their quarterly filing on Friday. They added that this transition is part of a broader strategy to streamline their offerings. Essentially it’s in response to shifting consumer demands and the competitive market. It is interesting to note that the deal between the two companies, which has garnered considerable attention. It was worth $15.1 million. Now that’s underscoring the financial stakes involved. Especially as both automakers navigate the challenges of the automotive industry amid technological advancements and sustainability goals. This move marks a pivotal moment for Toyota. Especially as they balance their legacy models with the future of electric mobility.
For the entire story on USA Today. Clearly, the theme of “Tesla tells Toyota” runs throughout recent headlines, and this development is no exception.
