“We plan to make electric cars one of Volkswagen’s new hallmarks.”
Matthias Müller, chairman of the board of management at Volkswagen AG, confirmed the brand’s commitment to go EV at the company’s annual media conference. The goal is to offer 20 new electric models by 2020. We wonder whether Audi’s electrified line-up is already part of the plan…
“With its ambitious plans that will require an incremental fundraising, we view Tesla as more of a cash-hungry start-up unicorn than a traditional public company.”
Barclays’ analyst Brian Johnson sees Tesla’s desperate need for funding as more than just a sign of the brand’s popularity. The manufacture could require as much as an extra 3bn dollars in Q2 to support the production of the Model 3 and completion of the Gigafactory.