Toyota can most certainly partner with Panasonic and Sumitomo to make GFs.
Toyota doesn't need Tesla to get Sumitomo to increase production at their mines or open new mines.
Toyota doesn't need Tesla to get Panasonic producing 10s or even 100s of GWh of battery cells.
Tesla has chosen to go out on its own. Toyota can't. As you say they don't have the expertise.
GM will be opening up a GF in Ohio with LG to produce 30 GWh per year with option to double size of factory.
If GM could do it Toyota certainly can.
If anybody can have as much batteries as they want- why does Tesla keep saying they will happily buy every single one anybody can make for them
and are ramping up their own production and they
still can't get
anywhere near enough batteries for demand?
Captains of a conglomerate that invests in Chevron, GM and its own shares instead of Tesla are idiots or ignorant. In my opinion.
I mean- I'm willing to consider there's ignorant, idiotic, non-inheritance billionaires.
But I'm going to need considerably more convincing that Warren Buffet is one of em.
I mean, the most basic description of his own strategy is:
Find a very few companies you understand, feel are undervalued, and you have a lot of confidence in the continued future of. Then own them.
That's his philosophy.
That's coincidentally what most of the investors in
this thread advocate.
They just have a different opinion on
which few companies.
And that's fine. Not everyone has to understand every good company.
That's honestly part of WBs point- find a few YOU understand, own them. If someone ELSE finds DIFFERENT ones THEY understand that are great companies- they should own THOSE instead.
You and the other guy may have different results from each other- but you'll probably
both be well ahead of the folks who can't bother and just throw $ at an index fund.