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VW Soars Most Since Famous Short Squeeze on Plans to Beat Tesla

German carmaker follows up battery briefing with platform plan
Common stock surges most since 2008, driven by retail buying

WATCH: "Profit pools are shifting from conventional engines to electric cars and then to autonomous cars," Diess tells Bloomberg.Source: Bloomberg

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By Christoph Rauwald

March 16, 2021 at 6:39 AM UTC

Updated on

March 16, 2021 at 2:52 PM UTC

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Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back days of briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.