Volkswagen Makes a Promise That Tesla May Not Like

The tide is high, but Herbert Diess is holding on.

The Volkswagen  (VWAGY) – Get Volkswagen AG Report CEO admitted that arch-rival Tesla  (TSLA) – Get Tesla Inc Report came on stronger than expected, but he still believes that the maker of the iconic Beetle can pull ahead of Elon Musk & Co. and become the world’s largest seller of electric vehicles by 2025…maybe.

‘We Won’t Give Up’

“We didn’t expect our main US competitor to be so fast and well-prepared,” Diess said, at the Financial Times Future of the Car 2022 conference. “It will be tight but we won’t give up on it. I would still see a chance that by 2025 we are first. At least second.”

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