Germany’s Manager Magazin reported that Volkswagen was looking to acquire a stake in Tesla.

Tesla’s shares briefly inched higher before falling after VW denied the report.

“It’s completely unfounded. It’s pure speculation,” Volkswagen spokesman Pietro Zollino said of a report in German magazine Manager Magazin that said VW CEO Herbert Diess was eyeing Tesla.

While Volkswagen may not want to invest in Tesla, the U.S. carmaker has been scouting locations in Europe for a new Gigafactory there.

Editorial Team
The Editorial Team comprises a diverse and talented team of writers, researchers and subject matter experts equipped with data and insights to deliver useful news updates. We are experts with the mission to inform, educate and inspire the industry. We are passionately curious, enthusiastic, and motivated to positively impact the world. Send us a tip via hello @ pvbuzz [dot] com.

How to have an all-renewable electric grid

Previous article

Bernie Sanders proposes huge renewables build-out and publicly owned power

Next article

You may also like


Comments are closed.

More in News