Toyota Motor (TM) stock has outperformed Tesla (TSLA) by 90 percentage points over the past year, Jack Hough writes in this week’s edition of Barron’s. Toyota has turned into something of an anti-Tesla. It was an early mover on hybrid vehicles – the company’s Prius has been profitable for more than two decades. But when other car makers followed Tesla’s lead by investing billions in ambitious EV programs, Toyota mostly stuck with its hybrid strategy. That appears to be paying off, the author says.
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