VW CEO’s embrace of Elon Musk’s playbook sends stock soaring

VW CEO’s embrace of Elon Musk’s playbook sends stock soaring

The Edge Markets - World·2021-03-18 05:05

But already this month, VW has added about 36 billion euros (US$43 billion) to its valuation, as optimism that it may be able to catch up to Tesla squeezes short sellers.

(March 17): Volkswagen AG has swiftly gone from corporate dinosaur status to stock market darling, and its chief executive officer’s imitation of Elon Musk has a lot to do with it.

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