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Why Toyota Stock Is Down Despite Good Earnings

TheMotleyFool

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Why Toyota Stock Is Down Despite Good Earnings: https://g.foolcdn.com/editorial/images/785537/2024_bz4x_limited_awd_supersonicred_002.jpg

Shares of Toyota Motor (NYSE: TM) fell on Thursday after the company reported earnings, on concerns about a scandal in Japan and softening demand in China.

As of 11:30 a.m. ET, Toyota's American depositary shares were down about 5.6% from Wednesday's closing price.

Toyota's electric bZ4X is a solid entry, but the company's EV efforts still lag its global peers. Image source: Toyota Motor.

Source Fool.com