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Adam Hargrove (not verified)    October 18, 2021 - 4:05PM

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“Toyota is a larger company [than Tesla] by a large margin, and they have the money to do anything they want.”

TM has a $247B market cap, TSLA has an $871B cap. Tesla is three-and-a-half times the size of Toyota.

Also TSLA has $16B in cash and only $11B in total debt on the balance sheet, so they have some spare pocket spending money.

TM has “only” ¥7.8T in ready cash and sadly ¥24.5T in debt. They gotta watch their budgets carefully.

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