Volkswagen denies possible connections with Tesla

Volkswagen denies possible connections with Tesla

September 13, 2019 0 By autotimesnews

Volkswagen CEO has denied rumors of a possible Tesla purchase that have spread recently. He noted that “I would not buy a stake in Tesla, since everything that the company does, we can do ourselves.”

At the Frankfurt Motor Show, Diss also admitted that he considers Tesla’s products to be excellent cars, but in the long run, the Volkswagen Group, according to Herbert Diess, will be in a better position. β€œIn the long run, I think we can have advantages because of scale. As far as hardware is concerned, the difference is probably not that big: they also have their own electric platform and are already large enough for an electric car manufacturer, but when it comes to the next important thing, namely software, Tesla is especially strong. Software really is a game with large volumes. If you are in software, you must use ten million devices, not a million. ” So, Tesla is currently the largest manufacturer of all-electric cars around the world.

Herbert Diss also noted that he has a warm attitude to Elon Musk and wished him to achieve Tesla’s profitability in the near future: β€œI do not believe in their bankruptcy. I really like Elon and I wish him all the best. Tesla is close to profitability. Probably the biggest problem of the company is working in a large number of segments, which leads to too high investments. ”