It has been several years now since Elon Musk said it was time to move on from hybrids, with the Tesla (TSLA) CEO dismissing hybrid vehicles as merely a “phase.” Meanwhile, rival Toyota Motor (TM) doubled down - and today, hybrids are more popular than ever, while demand for pure electric vehicles (EVs) cools.
As Toyota execs laugh all the way to the bank, the stock is a buy. Here's what investors need to know.
