[_Adam]

This is really surprising. What are they thinking? Hydrogen fuel cells STILL have not been proven to be a viable power source for cars. Electricity has been validated time and time again - even before Tesla, there was the EV1. And now the technology is really starting to scale in production volume and performance, along with the infrastructure.

Even if they can make a hydrogen vehicle with equal, or even slightly greater performance than an electric of the same cost, then they still need to solve the problem of the hydrogen infrastructure. That's really hard. You can generate it on site, but the equipment to do so is expensive and complex.

I think Toyota just doesn't want to compete with Tesla.

[cgh]

Forgive me if I misread your post, but hydrogen fuel cell-powered vehicles as discussed in the article run on electricity. So when you say "electricity has been validated", you really mean batteries as used in Teslas have been validated, correct? Or are you referring to hydrogen internal combustion engines? I don't think those are in development at Toyota but maybe I'm wrong.

[threeseed]

> I think Toyota just doesn't want to compete with Tesla.

Yes. I am sure Toyota is just terrified by a company that is haemorrhaging money and only sells in a few countries.

[outworlder]

Is it? Source?

[greglindahl]

Just like politics, you can read anything you want into Tesla's financials. They make a 25% margin building cars, which is excellent. They are a small car company expanding their factory and designing a new model, which means they lose money.