Amidst automakers making a move to shift towards electric vehicles, Toyota is chasing hydrogen. The company’s chief executive in Japan stated that this could preserve millions of auto jobs by shifting to hydrogen-powered vehicles. Further talks about Toyota being carbon-free not by using electric vehicles but by having internal combustion itself.
A sustained EV price-cutting strategy and several unforeseen challenges hurt the automaker's bottom line, causing Tesla's first-quarter profits to drop 55% to $1.13 billion from the same period...
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