Why Toyota's Guidance Cut Could Be Bad News for EV Investors

·4 min read
Why Toyota's Guidance Cut Could Be Bad News for EV Investors

Toyota Motor (NYSE: TM) said for months that it would be able to deliver 9 million vehicles in its current fiscal year ending on March 31 -- despite the ongoing global shortage of semiconductors. Toyota said that tight chip supplies have forced it to cut its February production plan by about 150,000 vehicles. Toyota's announcement has some implications for investors in any automaker, old or new.

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