Toyota Motor Q3 US Sales Rise 1% Y/Y on Strong EV Deliveries

Impact · against what's priced in

Toyota's strong growth in electrified vehicle sales (up 28.5%) and September momentum are positive catalysts, while Mobileye's connection is too tenuous to move the needle on its specific ADAS revenue assumptions.

MBLY+0.00

Doesn't touch the price's assumptions

The price assumes

Core ADAS revenue contraction

While Toyota's total sales rose slightly, the article provides no data on ADAS content per vehicle or order trends that would alter the market's assumption of a revenue contraction.