Will Toyota's break through in solid state batteries boost their share price in the long term?
07/04/2023 •
Yes — Despite skepticism and past delays, the majority of comments show optimism about Toyota's solid state battery technology and anticipate it to have a positive impact on their share price in the long term.
Stats
| 53% | 116 | |
| 38% | 84 | |
| 9% | 20 | Hacker News |
| 41% | Neutral |
| 34% | Negative |
| 25% | Positive |
| 77% | 😃 Joy |
| 22% | 😡 Anger |
| 1% | 😯 Surprise |
| 0% | 😢 Sadness |
| 0% | 🥰 Love |
| 0% | 😱 Fear |
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Story
- There's a considerable amount of skepticism towards Toyota's claims about solid state batteries, citing past delays, changing timelines, and the lack of independent verification of their claims. Skeptics see Toyota's consistent pattern of delaying their EV releases as diminishing their credibility. They doubt the feasibility of Toyota's claim of a 900-mile solid-state battery and question the company's ability to deliver on their promises.
- Many commenters express their belief that building EVs isn't difficult and that Japanese firms, including Toyota, can catch up once they make a serious effort. These individuals highlight Toyota's unfulfilled promises about solid-state batteries and question their new claims' credibility.
- Other groups of commenters express optimism about Toyota's long-term potential. They view Toyota as a long-term investment opportunity due to their cash flow and investment in solid-state batteries. Optimists highlight Toyota's extensive patent holdings, their experience with hybrid vehicles, and believe that the company can adapt to changing battery technology.
- Commenters note that Toyota's shares rose after the announcement of introducing high-performance, solid-state batteries. They believe that despite decreasing earnings, Toyota is in a good position with their investment in solid-state batteries. They also mention that Toyota's revenues are good and growing, despite being hit by the chip shortage.
- Some people expect Toyota to leapfrog other automakers with solid-state battery technology. These commenters view lithium-ion batteries as a temporary solution and expect Toyota to lead the market with solid-state batteries. They mention that Toyota has released videos showcasing solid-state car batteries in action, indicating their commitment to this technology.
- Some commenters express concerns about the increasing competition in the market with other major players entering the solid-state battery game. They suggest that Tesla's novelty will wear off soon and believe that there are better deals and technologies on the horizon from companies without polarizing CEOs.
- A top scientist previously claimed that there would be no significant breakthrough in solid-state batteries for at least a decade. This has led to skepticism and disbelief regarding Toyota's sudden shift in stance on their solid-state battery breakthrough.
- A few commenters view Toyota's previous focus on hydrogen fuel cells as a misstep. They believe Toyota's focus on solid-state EVs might be another marketing strategy or an attempt to divert attention from their unsuccessful bets on hydrogen fuel cells.
- Some commenters see Toyota's solid-state battery technology as a potential game-changer. They highlight Toyota's history of technological advancements and speculate that the company sees lithium-ion batteries as a temporary solution.