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Toyota Motor Corporation has surprised everyone by outperforming Tesla in the stock market. While Tesla’s stock has been declining, Toyota’s stock has risen by a whopping 90% more over the past year.

Why is this happening? Well, it turns out that while electric vehicles (EVs) like Tesla’s are losing their shine, Toyota’s strategy with hybrid cars is paying off big time. Hybrid cars, which use a combination of electric and traditional engines, are becoming more popular, especially Toyota’s RAV4 SUV.

Unlike other car companies, Toyota stuck with hybrids instead of going all-in on EVs. And it’s working. Analysts say Toyota’s hybrid focus is smart because it’s still making good profits without the risks and uncertainties of investing heavily in EVs.

Even in the U.S., Toyota is doubling down on hybrids. Their Camry sedan, coming soon, will only be available as a hybrid, boasting super high fuel efficiency.

Here are some numbers to back it up:

• Toyota’s stock has risen by 115% over the past year.
• Tesla’s stock has declined by 6% over the same period.
• Toyota’s hybrid cars are predicted to grow by 22.6% this year, according to J.P. Morgan analyst Akira Kishimoto.

So, while Tesla is struggling, Toyota’s steady approach to hybrids is making investors happy. It’s proof that sometimes, sticking with what works pays off big time.