Home Car News Tesla A Tough Competitor , VW CEO Says

Tesla A Tough Competitor , VW CEO Says

- Advertisement -

Volkswagen and Tesla may be bitter rivals on the electric vehicle market. Still, when it comes to the CEO of two companies Herbert Diess and Elon Musk, they have a soft corner for each other in there heart’s, which is discernible from the recent appreciation which came from Diess side for Tesla at an event where VW was presenting the new Golf hatchback.

According to Diess “Tesla is not a niche”, and also he added that he has a lot of respect for Tesla and also that its a competitor which should be taken seriously. The admiration was a reaction of him being questioned about Tesla facing trouble as its too small.

- Advertisement -

Elen Musk was the first one to show the strong chemistry that was developing between him and Diess when he was the first one to come in defence of Diess in response to a Bloomberg Opinion article which questioned Diess role in Volkswagen’s high-profile Dieselgate scandal of 2015.
He tweeted “Herbert Diess is doing more than any big carmaker to go electric. The good of the world should come first. For what it’s worth, he has my support”. After the Volkswagen diesel emission cheating scandal broke out, Volkswagen has planned of going electric with its new MEB platform, which is a modular car platform for electric cars.

Also Read:  The Automobile companies that rule the world

Thus now, two brands have a simple project to work on, and hence this is also one of the reasons for two brands coming closer.

The market is also full of rumours that Volkswagen CEO Herbert Diess is interested in acquiring a stake in Tesla which would help him expand his electric platform though a spokesman of Volkswagen denied this news. Tesla is consistently facing the problem of tight cash flow and embattled stock price in 2019 so far, which give a base to the rumours and also explains the reason for two CEO’S admiring and supporting each other. Just on the day, Herbert Diess came in support of Tesla; its shares soared to 18 per cent, the most significant jump in last six and a half years, which was followed by a surprise quarterly profit report.

Also Read:  Toyota to come up with Solid-state battery-powered cars.

Both Volkswagen and Tesla are investing in electric cars the difference comes when we look at the scale of two companies as Volkwagen has a dozen other profitable gasoline car brands (Audi, Porsche, Lamborghini, etc.), while Tesla only has one yet-to-be-profitable product line.

- Advertisement -
Saransh Pandey
Pursuing Mechanical engineering from National Institute of technology ,Agartala
2,732,339FansLike
41,411FollowersFollow
13FollowersFollow
228SubscribersSubscribe

Must Read

Maruti Suzuki S-Presso CNG Variant Production Begins, expected to be launch very soon

Maruti Suzuki India Limited (MSIL), the country's largest carmaker. Maruti Suzuki India Limited (MSIL) recently launched its entry-level hatchback car Alto 800 by updating...

Keeping a hand sanitizer in a car can be dangerous for us, US Fire Department warns

Can a hand sanitizer bottle that protects you from corona kill you? Can a bottle of hand sanitizer be a bomb inside a car?...

Hertz’s trip to Chapter 11

If we want to have a short version of Hertz Global Holding’s Inc. bankruptcy story: we see the global pandemic obliterating the travel business...

Is it Genesis G70 Facelift under the cover??

Genesis G70 Facelift was spotted under testing on 'The Ring'. The Korean G80 had already stolen the spotlights. The price tag had shaken the...

2022 Honda Civic Type R seen in camouflaged

2022 Honda Civic Type R could go hybrid... The new revealed Honda Civic Type R had just stolen our hearts. But now the shutterbugs caught...

Kia Stinger to roll out soon

The next-gen Stinger is more than just an electric vehicle. The vehicle looks like a sports car, runs like a sports car. So what...

Opel’s camo-car spotted, could be the new Mokka???

Opel is testing its new subcompact SUV. And the new vehicle will be a replacement for the best seller in Europe, Mokka. It was introduced...

Mercedes AMG E63 has some last minute runs before launch dates.

A face-lift of Mercedes AMG E63 was burning rubber on Nurburgring tracks. The facelift hints towards broader and bigger front grille and changed trunk...

Jaguar Land Rover seeks U.K. virus aid package

London- According to reports, Jaguar is trying to get to the government aid package. This step is to make up for the collapse in...

Kia to make micro electric vehicles

Commutation is always a headache, especially in metropolitan cities, The people banging horns and cutting their wheels anywhere. Everybody wants to have their own...