Toyota's EV Sales Surge Amidst Competitive Market
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 18 2026
0mins
Should l Buy TM?
Source: NASDAQ.COM
Toyota Motor Corp's stock fell 5.02% as it crossed below the 5-day SMA, reflecting broader market weakness with the Nasdaq-100 down 0.30% and the S&P 500 down 0.50%.
Despite the stock decline, Toyota's sales performance in the EV market has significantly improved, with its bZ model selling over 10,000 units in the U.S. during Q1 2026, a 79% increase year-over-year. This growth highlights Toyota's competitive advantage in the EV sector, especially as rivals like Ford struggle with a 70% decline in EV sales. The company's strong dealer network and upcoming affordable EVs position it well for future market consolidation.
The implications of this performance suggest that Toyota is gaining traction in the EV market, potentially attracting more investors despite the current stock price drop. The company's solid financial position, with cash reserves nearly double its debt, further enhances its attractiveness as a long-term investment.
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Analyst Views on TM
About TM
Toyota Motor Corp is a Japan-based company mainly engaged in the automotive business, as well as financial services and other businesses. It operates through three business segments. The Automotive segment designs, manufactures, and sells automobiles, including sedans, minivans, compact cars, sport utility vehicles (SUVs), and trucks, as well as related parts and accessories. The Financial Services segment provides financing and vehicle leasing services to complement the sales of automobiles and other products manufactured by itself and its affiliates. The Other segment engages in information and communications services. It also oversees manufacturing and sales companies, conducts public relations and research activities, oversees financial companies, and develops various mobility products, primarily software.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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