Why Toyota Motor Rallied Today
Shares of Toyota Motor (TM 4.61%) rallied 4.8% on Wednesday as of 2:23 p.m. ET.Toyota is the largest automaker in the world, so its stock hasn't escaped the slowdown in auto sales that came after the height of the pandemic. However, as today's results showed, it's navigating the difficult auto market far better than rivals.Toyota beats and announces EV investmentsUnlike some of its electric vehicle (EV) and legacy auto rivals reporting this earnings season, Toyota's results were stronger than expected. Reve ...