TiborVrbovsky

Toyota just Started to Rally.

Long
NYSE:TM   Toyota Motor Corporation
Toyota, valued 277B is worth almost 4 time less than hyped Tesla , which has it's market cap at 1070B.

Even though Toyota revenues for 2020 was 275B, meanwhile Tesla were just 12B. That's less than 20 times!

( Tesla has no data for 2021 yet, so that's why I compare 2020)

Yes, I do understand that Tesla is a one of kind with it's unique perks such as Autopilot, prestige of having a Tesla and many cool features.

On the other hand, Toyota doesn't offer anything special.

It's just a regular japanese car, but with superior reliability and quality. Do not forget that Toyota also owns a luxury car company of Lexus, which has the same if even better reliability and quality than Toyota.

I am not necessarily saying that Toyota is superior to Tesla, just that Tesla's value is very speculative when compared to a renowned car brand such as Tesla .

When we look at the technical side, Toyota has just broke from a 31 weeks long consolidation which gives Toyota pretty enough room for a rally.

Add to that it just broke into a new all time high, MACD gave a buy signal and RSI suggest bullish momentum to arrive, Toyota is ready to rally.

I don't have a specific target for Toyota.

Not a financial advice, just my humble analysis:)

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