Toyota Motor Corp (TYO: 7203) shares rose more than 5% on the Tokyo stock exchange on Tuesday following the company’s EV announcement. Toyota has confirmed that in 2026 it will launch a range of electric vehicles equipped with next-generation batteries.

As of press time, the company’s stock is at ￥2,174 after adding ￥105 from its previous close of ￥2,069. The stock has climbed over 6% in the last 5 days, 13% in one month, and more than 20% over the past three months. Furthermore, Toyota stock is trading at a nearly 20% jump since January.

Reports say Toyota will develop the vehicles under its BEV Factory, an EV arm it created last month. According to an official Toyota presentation by BEV Factory president Takero Kato, Toyota plans to produce around 1.7 million electric vehicles by 2030. Kato also put each vehicle’s range at 1,000 kilometers (621 miles).

Toyota’s projection for the range is over 43% higher than the Tesla Model S’ 405 miles, currently Tesla’s longest-range vehicle.

In 2021, Toyota announced plans to invest $35 billion in its EV lineup and roll out 30 models by 2030. In the same year, the company also said it would spend $13.5 billion on battery production for electric vehicles. Although Toyota pioneered hybrid vehicles with its Prius model in 1997, the company has been slow to join the all-electric race. In fact, Toyota had expressed that it wasn’t ready and seemed to downplay public acceptance of EVs.

Last year, executive vice president of sales at Toyota Motor North America, Jack Hollis, said the market does not have the “mass movement” Toyota needs. According to him, “the marketplace isn’t mature enough and ready enough.”

Toyota Batteries for Its Electric Vehicles

Toyota says it has now found a way around creating all-solid-state batteries that solve the durability problem. This discovery is now causing the company to review its conventional HEVs (hybrid electric vehicles), and its battery development for standard electric vehicles.

Solid-state batteries offer more energy and can charge faster. In addition, these batteries are less likely to ignite and may be better preferred than lithium-ion batteries. However, solid-state batteries are very costly to make and are also more prone to cracking.

A Toyota breakthrough with solid-state batteries could change the entire electric vehicle landscape. Pulling off the feat could accelerate its current race against EV giants like Tesla. According to Toyota, an electric vehicle with a solid-state battery could hit a 1,200 km range. In addition, charging could be completed in under 10 minutes. In comparison, the equivalent of Tesla’s Supercharger network is 15 minutes of charging time over a distance of 321 km.

So far, Toyota has not provided any details on the cost. However, since solid-state batteries are expensive to produce, vehicles equipped with these batteries could cost more than the average electric cars in the market today.

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Many companies, including EV giant Tesla Inc (NASDAQ: TSLA), have released reports on their 2022 performance, showing remarkable feats and losses. The electric vehicle maker recently provided the details of its production in the fourth quarter and deliveries for the recently-concluded year. According to the company, the total deliveries in Q4 2022 were 405,278 vehicles, while the total production during the same quarter was 439,701. Specifically, Tesla said deliveries of its entry-level Model 3 sedan and Model Y crossover in the fourth quarter of 2022 was 388,131. On the other hand, its higher-end Model S sedan and Model X SUV deliveries amounted to 17,147.

Tesla Reports 2022 Production and Deliveries

In addition, Tesla said its total deliveries in the whole of 2022 was 1.31 million, representing a 40% growth in deliveries YoY. The annual deliveries figure also set a new record for the automotive company. Tesla added that its annual production popped 47% to 1.37 million.

Indeed, the company emerged victorious despite the pandemic and supply chain-related challenges that impacted the economy last year. Tesla noted:

“We continued to transition towards a more even more regional mix of vehicle builds which again led to a further increase in cars in transit at the end of the quarter.”

Even as Tesla had great results in production and deliveries in 2022, the company missed analysts’ expectations in its Q4 numbers. The consensus of analysts’ estimates compiled by FactSet revealed that as of December 31st, 2022, Wall Street expected about 427,000 deliveries from Tesla for the last quarter. A separate updated estimate placed the market expectations between 409,000 and 433,000 deliveries. The latest estimates tally with the consensus compiled by Tesla itself and distributed by Tesla investor relation Vice President Martin Viecha.

Also, Tesla kicked off production at two new factories in 2022, located in Austin, Texas and Brandenburg, Germany. The company further ramped up vehicle production in its Shanghai factory and Fremont, California. Tesla had to suspend operations and reduce production at its Shanghai factory due to COVID outbreaks in China. And during Q4, it announced price cuts and other promotions in the US, China, and elsewhere to spark consumers’ demand. Tesla saw its stock decline significantly in 2022, and recent data shows that the company lost 69.20% in the last 12 months. While the EV maker’s stock has not gained a point since the year started a few days ago, it also shed more than 49% in the last three months. TSLA fell 32.49% over the past month and currently traded up 0.24% to $123.48.

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Reuters

Adidas To Investigate Misconduct Allegations Against Kanye West

• Adidas AG (OTC: ADDYY) ADDDF initiated a probe against Kanye West into allegations of inappropriate behavior after receiving an anonymous letter making several allegations.
• The investigation follows a report by Rolling Stone magazine that detailed alleged incidents of inappropriate behavior by Ye toward staff and prospective employees.

Microsoft Vulnerable To EU Antitrust, Triggered By Salesforce

• Microsoft Corp MSFT will likely face an E.U. antitrust investigation as regulators intensify their scrutiny of its practices in a case triggered by Salesforce.com Inc’s CRM workspace messaging app Slack.
• In 2021, Slack alleged to the European Commission that Microsoft had unfairly integrated its workplace chat and video app Teams into its Office product.
• Slack urged the E.U. competition enforcer to order the U.S. software giant to separate Teams from the Office Suit and sell it separately at fair commercial prices.
• The Commission reportedly prepared the ground for an investigation.

Apple’s Key Supplier Reportedly Loses Over 20,000 Workers At China iPhone Plant After Violent Protests

• More than 20,000 employees, most new hires, have reportedly left a key Apple Inc AAPL supplier’s main iPhone-making plant in Zhengzhou, China, after violent protests broke out at the facility earlier this week over unpaid dues.
• The slew of departures from the Foxconn HNHPF factory would hinder the company’s previous target of resuming full production by the end of November.

Wall Street Journal

Volkswagen Losing Share In Its Single Biggest Market, China

• Volkswagen AG VWAGY VWAPY said that despite some sales gains in recent months, it expects its market share in China to be around 16% this year, down from 20% since 2019.
• The German giant is also facing soaring energy costs, supply-chain issues, and delays in delivering in-house software resulting in a disrupted model-release schedule.
• China has been Volkswagen’s cash cow for years, making the market-share erosion a particular concern.

Bloomberg

Amazon Aims To Invest $1B Annually In Movies To Be Released In Theaters

• Amazon.com AMZN is reportedly planning to expand its latest streaming content to a more traditional setting by investing $1 billion each year toward running its new Prime Video releases in movie theaters.
• The company hopes to release 12 – 15 films annually through this new investment allocation, Bloomberg reported citing people familiar with the matter.

Mercedes Introduces Annual Subscription To Boost Vehicle Efficiency

• Mercedes-Benz Group AG DMLRY plans to charge owners of its upcoming line of expensive electric cars a subscription fee of $1,200 a year to boost their ability to accelerate quickly.
• The subscription package, designed for Mercedes’ upcoming EQ all-electric models, resembles Tesla Inc’s TSLA “Ludacris mode” introduced in 2016, which gives drivers an acceleration boost for a one-time fee of $10,000.
• Bayerische Motoren Werke AG BMWYY faced so much backlash in July for trying to charge $18 a month for heated seats that the company released a public statement defending the decision.

Techcrunch

Amazon Pares Back On Ambitious India Edtech Dreams

• Amazon.Com, Inc AMZN will shut down Amazon Academy, an online learning platform it launched in India for high-school students last year.
• Amazon will wind down the edtech service in the country in a phased manner starting August 2023.
• Those who signed up for the current academic batch will receive a full refund.

Benzinga

Netflix Goes Aggressive On Gaming Venture To Boost Revenue Stream

• Netflix Inc NFLX has put up more than a dozen job listings on its website for Netflix Games Studio’s Los Angeles office.
• Netflix is hiring a game director to work on “a brand-new AAA PC game.”
• Netflix sought a candidate with “experience with FPS and third-person shooter games” and “extensive experience working on live service games.”

Cardano Stablecoin Project Shuts Down Over’ Funding, Timeline’ Uncertainty After FTX Collapse

• Ardana, a DeFi and stablecoin ecosystem building on Cardano (ADA/USD), halted development on Thursday, citing “funding and project timeline uncertainty.”
• Ardana Labs said it would keep the project open-source for builders while “treasury balances and remaining funds will be held until another competent community dev(eloper) team takes over our work.

Tesla’s Recall Woes Multiply As 80,561 Imported And MIC Electric Vehicles Now Impacted In China

• Tesla Inc TSLA has filed for a voluntary recall of 80,561 cars in China, according to a notice filed with China State Administration for Market Regulation. This comes when the company is struggling in the country amid slowing demand.
• Vehicles covered under the recall include 67,698 units of imported Model S and Model X vehicles with a production date between Sept. 25, 2013, and Nov. 21, 2020, and 2,736 units of imported Model 3 vehicles, produced between Jan. 12, 2019, and Nov. 22, 2019, as well as 10,127 Made-in-China Model 3 cars.

Ford Recalls 518,993 Vehicles In US Over Potential Cracked Fuel Injector

• Ford Motor Company F has urged the owners of 2020-2023 MY Bronco Sport and Escapes with 3-cylinder, 1.5L engines to visit their dealership to inspect for a potentially cracked fuel injector.
• The automaker said a cracked fuel injector while the engine is operated could cause fuel and/or fuel vapor to accumulate near hot surfaces, resulting in a potential under-hood fire.

MetaMask Triggers Crypto Community Over User Data Collection Move: ‘No Factor More Important Than Consumer Privacy’

• The cryptocurrency community is not pleased with MetaMask’s decision to collect users’ IP addresses and Ethereum (ETH/USD) wallet addresses during on-chain transactions.
• According to a revised privacy policy agreement published by ConsenSys on Nov. 23, when you use Infura as your default RPC provider in MetaMask, it will collect your IP address and your Ethereum wallet address when you send a transaction.

Stellantis Develops Fresh Retailer Model in Europe In Support Of Its EV Ambitions

• Stellantis N.V. STLA said it would reorganize its European dealer networks in July 2023 to cut costs and support its investment in electrification.
• Starting next summer, the parent company to brands like Jeep, Dodge, Fiat, Maserati, and Peugeot said it would end all current sales and services contracts with dealers in Austria, Belgium, Luxembourg, and the Netherlands, with the rest of Europe to follow, for all 14 brands.

SSE Divests 25% Stake In Electricity Transmission Network Business For £1.5B

• British energy company SSE Plc SSEZY said it plans to sell a 25% minority stake in its electricity transmission network business, SSEN Transmission – to Ontario Teachers’ Pension Plan Board for £1.456 billion.
• The transaction is expected to fuel growth in the Transmission business and the wider SSE Group.
• The stake sale process for SSE’s electricity distribution business is expected to commence in early 2023.

Baxter Recalls WatchCare Incontinence Management System Due To Interference Risk

• The FDA classified Baxter International Inc’s BAX recall of hospital bed systems as the most serious type of concern that it could lead to life-threatening injuries or death.
• Baxter initiated the recall of its WatchCare Incontinence Management System.
• Baxter warned users about the potential for WatchCare’s radio frequencies to interfere with other medical devices.

Photo via Pixabay

Dogecoin (CCC:DOGE-USD) bulls have been in charge throughout October. They managed to rally more than 30% — twice — and they’re still above that 20 cent baseline. This may enable them to finally break out of the resistance going into 28 cents per coin. But threats to its success still remain.

That’s especially true given what we learned from Robinhood’s (NASDAQ:HOOD) earnings. HOOD tumbled on deteriorating metrics. A drop in the DOGE trading was among the main reasons for its lackluster results.

This is something to monitor while we discuss the future of DOGE coin.

Ultimately, I believe DOGE will remain viable for as long as it has fans. My trading habits with it are simple and purely based on charts. They have been successful so far, so I have no reason to change.

When we discuss cryptocurrencies we must also justify their existence to skeptics.

Crypto Is Here to Stay … Will Dogecoin Endure?

If you’ve been reading my articles for a while, then you’re probably sick of my arguments for the viability of crypto. Today, I am approaching things differently. First, I’d like to convey that investing in crypto is a viable thesis for the future. Second, I will examine the opportunity that resides in Dogecoin specifically.

But before we continue I would like to disclose that I am not your typical crypto cheerleader. I have embraced its existence, and I believe that it will play an important role in shaping future finance. I understand the mass hesitation to accept this “fake currency” — heck, I even see it in my family!

With that said, let’s try and break down a few barriers today.

First, DOGE is not currency, nor does it need to be. In fact, we would do well to stop referring to the cohort as cryptocurrency. Trying to find efficient ways to price things in crypto coins is insanely difficult. They move too fast for it to be an effective daily form of tender.

Secondly, let’s stop avoiding it because it is “fake.” If we use the qualifier that humans created them, then everything we own is also fake. And here’s the real kicker: Who cares?

I don’t need to know if it’s real or fake in order to profit from its value. If I don’t like art, yet I find a bargain on a painting in demand, I would buy it. I know it has value to someone out there; therefore, I can profit from it.

That’s the point of investing in general.

The DOGE Thesis Is Viable

Dogecoin is a crypto, so it absolutely has viable investment potential. Again, our opinions of how real or fake it is are irrelevant. It is a thing and there are millions who want it, so it will retain value.

I am very confident that the hard-line haters will be wrong in the long term about Bitcoin (CCC:BTC-USD). Collectively, their market capitalization is over a $2.5 trillion. If you accumulate $1 million per day, it would take you 2740 years to have a trillion.

No one can fake that much wealth.

Let’s bring the conversation back to DOGE. I profess that it’s not my favorite from an investment perspective. I simply don’t see the sustainability of its use case. The caveat here is that I am not an expert on the intricacies of the topic. But what I do know is enough for me to favor Solana (CCC:SOL-USD) best and Ethereum (CCC:ETH-USD) second. Doge comes fourth, even after Cardano (CCC:ADA-USD). Solana is the one I would accumulate for the next five years.

I have successfully traded Dogecoin in the past. In fact I haven’t had a losing trade yet, because I buy it when the people panic. On really bad days, it makes sense too seek entries. I made this point in July and that yielded an easy double.

Find the Proper Levels to Trade

From a level perspective, I set my alerts under 19 cents. Lately, more headline attention is going to Shiba Inu (CCC:SHIB-USD). Ironically the cause for this are tweets from Tesla (NASDAQ:TSLA) CEO Elon Musk. Last year, he put the spotlight on DOGE. Now he is taking it back.

I don’t myself ever accumulating DOGE over time, but I will continue to trade it.

On the other hand, I find value in collecting SOL-USD and maybe ETH-USD. Each seems to offer long-term, viable applications in fintech. Keep in mind that this is just one man’s opinion, so I don’t fault anyone who thinks otherwise. Buying Dogecoin for the long term can make sense for the right person.

My primary goal today was to breakdown psychological barriers that keep people out of crypto. The first step is so easy, but seems huge: Simply opening an account can be daunting the first time. I spent too long doing too much homework. In the end, I jumped into one platform because of a recommendation from a friend. You can find your own, and I usually fall back on the top three.

Bonus Fixed Income

In closing, I’m going to give you a golden nugget of information. I would suggest that you also learn about “staking.”

This is a term in crypto that is equivalent to the old school CD accounts. Since the whole “crypto-sphere” is still so new, the coin issuers are rewarding us for our commitment. I can currently receive a 10% reward in a stable coin, if I promise to hold it for three months. Granted these are risky assets without FDIC insurance like what bank accounts gave. Nevertheless, I consider it as a trade with a guaranteed 10% short of a company going out of business.

On the date of publication, Nicolas Chahine did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Nicolas Chahine is the managing director of SellSpreads.com.

RedSwan CRE, a tokenization platform focused on the leading commercial real estate sector, is now accepting Dogecoin (CRYPTO: DOGE) as one of its payment options for investment in two multifamily properties.

What Happened: The properties are Lakehouse, a 270-unit luxury multifamily development located on Lake Merritt near downtown Oakland, California, and the 251-unit Apollo Apartments in the Seattle suburb of Edmonds, Washington.

“Accredited investors will be able to use Dogecoin to purchase fractionalized ownership in the buildings, which can be later traded like stocks,” said the company on its website. “This will be the first time a major real estate asset will be available to a specific crypto community.”

Investments in the properties begin at $1,000 each, and the company is also accepting U.S. dollar and stablecoins pegged to the dollar in addition to Dogecoin.

RedSwan CRE added the combined equity raise for these two deals is $36 million, with $20 million for Lakehouse and $16 million for Apollo.

Related Link: 10 Stocks To Consider For The First Day Of Fall

Why It Matters: Despite a fast-growing popularity in Dogecoin as an investment vehicle, transactional opportunities for the cryptocurrency have been relatively limited.

In March, Mark Cuban’s Dallas Mavericks began accepting Dogecoin payments, making it the most prominent U.S. company to embrace the asset. Other companies that also accept Dogecoin is the Latvian carrier AirBaltic, the U.K.-based web hosting company HostMeNow and the Canadian Internet service provider EasyDNS.

But the vast majority of U.S. corporations are keeping Dogecoin payments off their agenda, although a few have acknowledged the cryptocurrency’s presence. This week, AMC Entertainment Holdings, Inc. (NYSE:AMC) CEO Adam Aaron ran a poll asking the theater chain should accept Dogecoin as a payment option; The company excluded Dogecoin from the cryptocurrency options it planned to make available for online payments later this year.

Elon Musk, who has spent a seemingly endless amount of time tweeting about Dogecoin, ran a similar poll in May asking if people wanted Dogecoin payment options for purchasing Tesla (NASDAQ:TSLA) vehicles. Despite overwhelming public support for the idea, Tesla has yet to accept Dogecoin.

Photo: KNFind from Pixabay.