Toyota president: Tesla has 'not created a real business in the real world yet'


During a Toyota Motors earnings call on Friday, executives answered questions about how they plan to compete in the expanding field of electric vehicles, and took a potshot at Tesla's sky-high valuation.

Toyota President Akio Toyoda acknowledged that Tesla's valuation of around $400 billion is sky high, exceeding that of all seven Japanese automakers combined.

He also said Toyota could learn from Tesla's success with investors, and its business model, which includes revenue from electric vehicles, regulatory credits, software and renewable energy products.

But, the exec went on to compare Tesla's...READ MORE HERE