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Elon Musks Tesla is new inspiration for Toyota EVs · Elon Musk Podcast

• 0:00
  Hi everybody and welcome back to the show.
• 0:02
  In this episode, we delve into the compelling dynamics of the
• 0:05
  automotive industry focusing on the Intriguing narrative
• 0:08
  unfolding between industry. Still work Toyota in electric
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  vehicle maker Tesla. Now a Toyota longer veered is
• 0:15
  the Paragon of lean manufacturing find yourself
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  playing catch-up in the face of Tess's.
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  Out-of-the-box approach to electric vehicle production but
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  don't quite count out. Toyota, as a deputy chief of
• 0:27
  Global Production. Yoshi, Nakamura signals.
• 0:30
  A Resurgence powered by Lessons Learned From Tesla with Tesla's
• 0:34
  model. Why surpassing the Toyota
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  Corolla is the world's best selling car.
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  We explore this Tesla shock reverberating across the Auto
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  industry and Toyota's plans to navigate this electric
• 0:45
  revolution of a Japanese automaker not known for shying
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  away from challenges is on the path to evolving it.
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  Strategies, implementing Innovations, akin to Teslas.
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  Now as Toyota seeks to regain lost.
• 1:00
  And we're left to anticipate, what could very well be a
• 1:03
  fascinating shift in the Global Automotive landscape and take a
• 1:08
  deeper. Look at that, after a word, from
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  our sponsors, in the history of the automotive industry, Toyota
• 1:14
  has reigned Supreme positioning itself as the standard-bearer
• 1:18
  for efficient lean vehicle manufacturing yet as the
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  industry veers off into the electric vehicle Revolution.
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  It appears the Japanese Titan has been left standing in their
• 1:29
  rearview. Mirror of Elon musk's
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  trailblazing brainchild Tesla, now test has ability to adapt
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  offbeat strategies and novel manufacturing Solutions both
• 1:40
  within its factories and throughout its Vehicles.
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  Designs has seemingly outstripped, Toyota's
• 1:45
  long-established prowess. However, according to Yoshi
• 1:48
  Nakamura, Toyota's Deputy Chief of Global Production.
• 1:52
  The story may be sent for an exciting plot twists and a
• 1:56
  recent conversation with Automotive news.
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  Nakamura expressed Sincere admiration for Tesla's
• 2:02
  disruptive technology rather than regarding it as a threat.
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  He views this Innovative approach in the advancement as a
• 2:09
  source of inspiration, a motivational challenge for
• 2:12
  Toyota to roll up its sleeves in clawback Lost ground Nakamura.
• 2:18
  However, is quick to clarify that this will not result in an
• 2:21
  outright mimicry of Tesla's success.
• 2:24
  They said, of course, we admit Tesla has wonderful technology
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  but that just Basis to work harder to catch up.
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  Nakamura, was alluding to the Japanese philosophy of
• 2:35
  continuous Improvement. One that has been integral to
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  Toyota success over the years. And there's an undeniable shift
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  in The Winds of the automotive industry spurred on by the
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  audacious startups that have embraced.
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  The electric vehicle movement with open arms, free from burden
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  of Legacy Technologies and outdated supply lines.
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  These Nimble newcomers have proved that they can produce and
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  sell electric vehicles at scale and Profit.
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  This includes Tesla whose model 3 and model y have solidified.
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  The positions is best sellers in the automotive electric vehicle
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  market. Now this seismic shift could
• 3:10
  will be christened as the Tesla shock, according to Industry
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  insiders effects of this chakra felt most acutely by Toyota
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  especially when Tesla's model. Why dethroned, the Toyota
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  Corolla, is the world's best selling car in quarter one of
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  2023. But Toyota's battlecry has
• 3:29
  always Has been adapt and thrive in now more than ever.
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  The giant is summoning that Spirit its latest electric
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  vehicle strategy while yet, to be proven signifies an intent to
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  roll with the punches. This comes after the lackluster,
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  performance of the last EV, the B Z4 X which struggled to make
• 3:49
  significant inroads in the marketplace, one industry,
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  observers Sandy Monroe, CEO of Monroe and Associates, said that
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  Toyota's new blueprint, Bears significant, To Teslas
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  pioneering methodologies. From an emphasis on vertical
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  integration to the Embrace of advanced manufacturing
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  techniques, such as Giga, castings and a broad use of
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  robots and factories Toyota seems to be borrowing from
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  Tesla's Playbook. The strategy seems to stem from
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  a certain humbling catalyzed by the rise of the Tesla Model Y,
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  which experienced a stunning 77.2 year-over-year increase in
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  sales in the first four months of 2023 according to focus.
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  To move the model, y chalked up, impressive. 336,000 753 unit
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  sales. In this period outpacing the
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  Toyota Corollas 325,000 984 Tesla's model 3 trail
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  considerably with 180 thousand, eight hundred and thirty nine
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  units sold. Meanwhile data, provided by
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  industry analysts, Troy test, like presents an even more
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  telling picture in the first quarter of 2023 alone, Tesla
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  registered 125,000. 826 model 3s in a whopping 280, 6354 model
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  wise. And the numbers speak for
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  themselves, the model Y is outperforming, its older sibling
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  the model 3 by a substantial margin and the narratives
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  broader implications become even more striking.
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  When we track sales Trends over the long term it's hard not to
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  notice the model 3 sales performance which while not
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  declining has certainly plateaued since quarter through
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  2020. Now, in contrast the model.
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  Why exhibits a steady unrelenting upward trajectory
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  and if imitation is the sincerest form of flattery then,
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  Tesla must be feeling quite complimented and Toyota's new
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  strategies show. A noticeable mirroring of
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  Tesla's approaches from emailing for complete vertical
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  integration. A technique that Tesla has used
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  to control every stage of their projection process to embracing
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  the use of large scale, diecast, machinery.
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  And a more extensive use of Robotics on the production
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  floor, Toyota is evidently drawing inspiration from the
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  Silicon Valley Behemoth. Now, Monroe said, the Toyota
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  plan that I see. Is very similar to the Tesla
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  production plan and that is good because currently, that's the
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  best in the market place. Toyota needs to also look
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  outside for contrary points of view on how to run the company.
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  Still Toyota's ambition is not to emulate Tesla outright
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  drawing on their own strengths and Heritage Toyota is seeking
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  to learn from Tesla's pioneering work and evolve in Toyotas.
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  Famed Kaizen philosophy which emphasizes continuous
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  Improvement in a Relentless quest for efficiency will
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  surely. Early, play a pivotal role in
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  this transformative Journey. However, the road ahead for
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  Tesla is strewn with uncertainties, the company's new
• 6:45
  approach has yet to be validated and the journey toward its
• 6:48
  electric future remains largely Uncharted.
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  Now, the first outing, the B, Z4 X hardly painted, a picture of
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  overwhelming success, but Toyota the iconic car maker remains
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  unfazed and is doubling down on his commitment to EVS giving
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  their past missteps is valuable lessons.
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  Rather than setbacks. Now in this scenario, it's
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  crucial to note that the race for Ev Supremacy isn't solely
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  about technical prowess or manufacturing efficiency.
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  It's also about consumer preferences and market demand or
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  Tesla has built a considerable lead.
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  According to Automotive data, specialist Focus to move in the
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  first quarter of 2023 Tesla's model.
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  Y and the model 3 were in good shape.
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  Now, they've also overshadowed Toyota Corolla with which
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  325,000 984 sales and the why head 336,000 753 this.
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  Reflects not just test has manufacturing Acumen but also
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  their grasp on market trends and consumer preference and the
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  current situation is indeed a snapshot of a dynamic swiftly
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  changing industry as the dust settles on the model wise
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  unprecedented success Toyota a season Automotive veteran is
• 8:04
  regrouping and rethinking it strategies yet.
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  It's still the early. Days in the battle for electric
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  vehicle. Dominance as the industry
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  watches, Toyota strategic metamorphosis with bated breath.
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  Many wonder if the company is famed efficiency in methodical
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  planning combined with Lessons. Learned From Tesla, will prove
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  successful in this new electrified era.
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  The answer to this will shape not just the future for Toyota,
• 8:27
  also for Tesla and possibly entire Auto industry and as we
• 8:32
  know this story is just unfolding.
• 8:35
  So please take a second and hit the Subscribe button.
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  The or the follow button, on, whatever podcast platform you're
• 8:40
  on right now and I'll bring you as much information as soon as
• 8:44
  we get it right there on your podcast platform.
• 8:47
  So, thanks so much for listening today.
• 8:49
  I appreciate you. And I appreciate your time that
• 8:51
  you spent here with me, take care of yourselves and each
• 8:54
  other, and I'll see you in the next one.