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CNN: Volkswagen could soon steal Tesla's crown
A good report from CNN:
CNN: Volkswagen could soon steal Tesla's crown
Highlights:
After years as the undisputed king of the electric car, Tesla (TSLA) could be matched sale for sale by Volkswagen (VLKAF) as early as 2022
UBS analysts told reporters last week that investors have failed to appreciate the speed at which Volkswagen is gaining ground on Tesla, and how much money the German company stands to make by going "all in" on electric cars before other established carmakers including Toyota (TM) and General Motors (GM). UBS has hiked its target price for Volkswagen shares by 50% to €300 ($358).
CNN: Volkswagen could soon steal Tesla's crown
Highlights:
After years as the undisputed king of the electric car, Tesla (TSLA) could be matched sale for sale by Volkswagen (VLKAF) as early as 2022
UBS analysts told reporters last week that investors have failed to appreciate the speed at which Volkswagen is gaining ground on Tesla, and how much money the German company stands to make by going "all in" on electric cars before other established carmakers including Toyota (TM) and General Motors (GM). UBS has hiked its target price for Volkswagen shares by 50% to €300 ($358).
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