Start the conversation
5/11/15: Toyota Motor Corp. (NYSE: TM) is attempting to revolutionize the industry, much like it did with the Prius, by rolling out a new hydrogen-powered car, the Mirai.
Toyota has begun placing orders for the $58,000 hydrogen auto at eight Toyota dealerships in California, USA Today reported Wednesday. Those will be sold through those vendors in October. Toyota expects to sell 3,000 units by the end of 2017. But these limited sales are a first step in what could very well be a shakeup in the automotive industry.
Toyota stock is up 13% in 2015. It jumped 3% today after reporting earnings May 7. Toyota stock now trades around $137 per share.