Volkswagen Denies Interest in Tesla

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Aug. 23, 2019—Volkswagen denied a report this week that it has any interest in taking a stake in Tesla, per a report by CNBC

Executives at Tesla, which didn’t immediately comment on this story according to CNBC, have said a European facility will help lower transportation costs, avoid tariffs and expand availability in a market just beginning to embrace electric vehicles. 

There are reports that, although VW does not want to invest in Tesla, it has been scouting locations in Europe for a new Gigafactory.


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