Volkswagen Shares Soar As It Declares War On Tesla ...Middle East

Look out, Tesla. There could be another mainstream FOMO electric vehicle stock coming. VW common shares soared as much as 29% this morning - the most since the company's historic 2008 short squeeze - and VW preferred shares were up 6% after the company upgraded its profit guidance laid out plans for expanding the company's EV offering out through 2030 which also includes dethroning Tesla as the reigning EV world champ. VW hosted its "Power Day" yesterday and revealed plans to build six "gigafactories" with a total capacity of 240 gigawatt hours…

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