Why Toyota Stock Was Sinking Today
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Toyota Motor's stock fell nearly 3% due to two negative developments. First, the company is delaying its electric vehicle (EV) production in North America until the first half of 2026, citing design adjustments and declining EV sales growth. Second, Toyota announced an investment in electric air taxi developer Joby Aviation, which some investors may view as a misallocation of resources. These factors contributed to investor concerns and the stock's decline, contrasting with the S&P 500's minor dip of 0.4%.
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