Toyota Stock Soars To 11-Month High As Automaker Unveils Next- Generation Of Electric Vehicles

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Topline

Toyota’s stock skyrocketed on Thursday to an 11-month high and posted its best single-week gain in 14 years, after the Japanese auto behemoth unveiled plans for its next generation of electric vehicles to compete with other automakers amid a surge in EV production.

Key Facts

Shares of Toyota Motor Corp jumped 1.75% to $168.44 as of 3 p.m. Thursday, its highest share price since May 2022, and nearly 13%…

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