coachhomer
Full Access Member
- Joined
- Aug 19, 2013
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So now share price dictates quality and reliability? By your reasoning, Tesla’s $300+ per share stock price means their quality and reliability is over 4 times that of Toyota. That is a baseless and ridiculous comparison, there is no correlation.
Your “bet” is not based on anecdotal evidence, not fact. In other words, it means nothing. Plenty of Tundra buyers “bet” that their vehicles would be reliable, only to be faced with cam tower leaks, AIP failures, and rusted frames - costing them tens of thousands of dollars in repairs. In many cases the frame replacements ($15,000 - $20,000) were more than the vehicle was worth. Toyota refused to issue a recall for the frame rust, so a a class action lawsuit was filed and Toyota lost, as they should have, costing the company $3.4 Billion.
https://www.reuters.com/article/us-toyota-settlement-idUSKBN1370PE
What is your definition of success? Making huge profits selling worst in class antiquated products based on a farce? Paying off owners to keep quiet about defects and signing non-disclosure agreements? Avoiding product defects until they become class action lawsuits? Putting American and Canadian workers out of high paying jobs?
Toyota posts record profits because Japan manipulates their currency. The exchange rate can result in an additional profit of $3000 on a $30k car. In addition, all of their North American plants employ low wage non-union workers. That amounts to thousands of dollars in extra profit per vehicle compared with American companies, which puts them at an unfair and unethical advantage.
You can learn about it here:
https://www.epi.org/publication/trans-pacific-partnership-currency-manipulation-trade-and-jobs/
It’s pretty ignorant to make assumptions without knowing the facts. See explanation above.
I highly doubt the originator of the thread was not looking for speculation or “bets”. Which is all you have provided. The Tundra is not a “great truck” for the reasons posted earlier in the thread. The crash and durability test results speak for themselves; the Tundra is poorly engineered and unsafe compared to it’s competition. A “great truck” does not cause severe injuries to it’s occupants in a standard offset crash nor have a structure so weak that the bed touches the body in a basic durability test.
People argue all day about who makes the best truck; GM, Ford, or Ram. They are all safe, well engineered competitive products. The Tundra and Titan - both of which received horrible crash test ratings and reviews - are not class competitive in any way; they simply exist to steal a small chunk of market share from those misinformed or ignorant enough to buy them. Recommending either product to a potential buyer is doing them a huge disservice.
You're funny. Maybe you should take all of your data to the NTSB or better yet the newspaper. And then short stock in Toyota. The reason Teslas stock is high has nothing to do with reliability. You got that part right. It's high because of market POTENTIAL and the fact that it is a relatively new company and on the forefront of innovation. The exact reason all of the other car manufacturers are chasing them in trying to produce all eccentric vehicles. Toyota's stock on the other hand is based on YEARS or should I say DECADES of producing proven products. And also exactly the reason they can sell antiquated technology in todays marketplace. The farther along this thread goes the more I start to see the picture being painted here... are you next going to tell me that the Lock Ness monster was eaten by Bigfoot?
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