There has been news in all the media recently about the move to EV vehicles.
TSLA and TM have developed a somewhat different attack on evolution to the goal.
Toyota is focusing on the hybrid model which still contains a gasoline-required engine and is evolving slowly to the all-electric EV.
The attached graph comparing the relative strength of TSLA vs TM illustrates a trading approach that can also be adapted to pairs trading.
Buy TSLA when the verticle green line appears. Buy TM when the verticle red line appears. Both lines reflect the changing relative strength.
Prices are as of the close of February 27, 2023.
