Toyota To Delay EV Production In North America Due To Slowing Sales: Report
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 03 2024
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Source: Benzinga
Toyota Delays EV Production: Toyota Motor Corporation is postponing its electric vehicle production in North America to the first half of 2026 due to slowing sales and design adjustments, while also reducing its EV production target for 2026 by 30%.
Investment in Air Taxis: The company announced a $500 million investment in Joby Aviation to support electric air taxi production, increasing its total stake in the company to $894 million.
Analyst Views on AVIV
Wall Street analysts forecast AVIV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AVIV is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 74.340
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Current: 74.340
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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.
