Better Buy: Tesla vs. Toyota Motor
Depending on your taste, deciding whether to buy a Tesla (NASDAQ: TSLA) or Toyota Motor (NYSE: TM) car could be easy. But the same can't be said for the stocks of the two companies. Just like their cars, the choice between Tesla and Toyota stock depends on your preference and investing style. Let's see how the two stocks are different and which is a better buy right now.
To get a sense of the difference in scale, let's go over the current and projected production capacities of the two companies. Toyota sells more than 10 million cars every year, though the number was slightly less in 2020 because of the pandemic. By comparison, Tesla sold 0.5 million cars last year. So, Toyota sold nearly 20 times more cars than Tesla last year.
Image source: Getty Images.
Source Fool.com
