Thanks in part to Dieselgate, Volkswagen shares could surge
Volkswagen AG's market cap is roughly one-ninth of Tesla's; can it close the gap? We think it can do that and then more, and bizarrely, dieselgate is one of the reasons. Our in-depth commentary here considers the merits of a company going through rapid change, as befits its product offering!
Last year, at a Volkswagen AG conference for the company's top managers, an unexpected guest turned up. At least he was unexpected and a tad unwelcome in the eyes of many present. But for the Volkswagen CEO, Herbert Diess, inviting Elon Musk to make an appearance by video call at an event for 200 VW managers was very much the point.
Diess talks about Musk a lot, but his rationale for inviting the Tesla…
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