Volkswagen is beginning to struggle in the China electric vehicle market as competitors like Tesla and BYD eat their lunch. VW has unveiled complex plans for a turnaround including new EV platforms, as they apologize to consumers who bought their previous generation electric cars. The company has high hopes and believes they will win, except that their actions don’t appear to match Tesla’s level of expertise, especially around software, autonomy, and even the Dojo chips that Tesla has created, and that Volkswagen hasn’t even begun to think of. VW’s financials may also be masquerading as a catastrophe, if their sales take a hit, it could mean bad news for the company. #tesla #elonmusk #volkswagen
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