Tesla’s market value soared past $540-billion this week — equivalent to 250 times its expected earnings this year — meaning it’s now the world’s 10th most valuable listed business.
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Volkswagen’s new electric car panned by Germany’s leading test publication. Auto Motor und Sport said the ID.3 fell short of the car maker’s usual standards of fit and finish, and had a limited operating range,
Volkswagen will narrowly meet a deadline to start deliveries of its flagship ID.3 electric car, but early buyers will have to wait months for all the features to work.
Within minutes of the stock market’s open on Tuesday, shares of Tesla shot up 17%. Which feels extraordinary, except for the fact that they gained more the previous day.
As Tesla observers try to understand how and why the stock has tripled in a little more than three months, analysts are second-guessing the notion that the Model 3 maker will be caught anytime soon.
Volkswagen is bundling its software operations with an investment plan of about €8-billion over the next three to five years, another step in the electric and connected-car shift that’s heralding massive change across the entire industry.
Volkswagen plans to pool 5 000 digital experts into a single unit that will develop “vw.os”, a uniform software operating system across all new models.
Volkswagen aims to produce almost 50% more electric cars than it previously targeted, boosting a bet that has already strained profit margins.
Microsoft and Volkswagen are set to strike a deal to connect the car manufacturer’s entire vehicle fleet as the world’s biggest automaker steps up its transformation into digital and mobility services.
A few hours after Elon Musk berated analysts for what he perceived as unimaginative questions, Volkswagen has said it was writing a cheque for batteries that almost match Tesla’s entire market value. VW has awarded