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VW CEO Lauds Musk Over Tesla’s Earnings and Value Potential

  • Herbert Diess says Tesla doing what many thought impossible
  • Top car producer says most valuable company to be in mobility
Elon Musk

Elon Musk

Photographer: Andrew Harrer/Bloomberg

Volkswagen AG’s chief executive officer again praised Tesla Inc.’s Elon Musk, this time for showing it’s possible to profit off electric cars even in the midst of a global pandemic.

Tesla and VW group’s Porsche sports-car division will be among the few automakers who navigate the market turmoil caused by Covid-19 without suffering a quarterly loss, CEO Herbert Diess said on LinkedIn.