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Toyota's CEO Perfectly Reveals Why He's Not Worried About Tesla's Model 3

Toyota North America's CEO isn't worried about Tesla's Model 3.

Toyota Motor (TM) - Get Toyota Motor Corp. Sponsored ADR Report North America CEO Jim Lentz isn't worried about Tesla's (TSLA) - Get Tesla Inc Report low cost electric car, the Model 3.

"At gas at less than $2 a gallon, no [I'm not worried]," Lentz said. "I think [the Model 3] is going to be great but today less than half of one percent of the industry are pure electric vehicles."

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