Volkswagen Says They Plan To Catch Tesla, But Isn't It Already Too Late?

Volkswagen Says They Plan To Catch Tesla, But Isn't It Already Too Late?

Consider this:
In 1977, Walmart was 5% the size of Kmart.. you know the rest of the story.

Now Walmart is the big guy, not so fast.... Amazon is in the house

Anything can happen in the car biz also
GM used to be king of the hill

right.

and as for automakers, they're only as good as their last annual sales reports. the markets & consumer trends fluctuate periodically. only those that offer trendy features/designs keep consumer interested. costly recalls or emissions/performance snafu's can be damaging to multiple model lines.

And today the establishment is effectively Kmart with Tesla being the disruptor coming in.

They (and Toyota) absolutely have the capabilities and resources to do it, and since they have efficient industrial operations they will be able to build the vehicles for significantly less than Tesla. The big benefit Tesla has is brand image at the moment...younger customers largely prefer to purchase products that they view as "authentic". The hardest thing for VW to do will be to appear as an "authentic" EV brand that is furthering EVs because they feel it is the right thing to do for the planet...especially after the dieselgate mess, and them trying to gas monkeys to prove their diesels were clean.

Never underestimate Volkswagen.

Never overestimate VW is more like it.

Volkswagen will definitly overtake Tesla as they have everything needed to be able to. Tesla is still being propped up by speculation while VW is not which makes a big difference because 1 major issue can wipe out Teslas value while VW has already been through that and has weathered the storm, in fact they are now stronger than even.

BlackBerry used to have 95 percent of the smartphone market. Do you know anyone that still has a Blackberry?

“Deep in debt, selling less than 400,000 vehicles last year and challenged by several competing electric car models in 2020, Tesla’s stock valuation stunningly exceeds VW which sold over 10 million vehicles last year,” Nader added in a follow-up tweet. “Watch out, Tesla believers."

How can VWAG catch Tesla when their EVs cannot meet Tesla's range?

LOL, good one.

VWAG can catch Tesla because it is not in constant danger of bankruptcy.

Tesla Q4 financials will be revealed tomorrow. Will be interesting good or bad.

And it did not disappoint... 2nd quarterly profit in a row, $1B extra cash on hand with no funding rounds.