Volkswagen is trouncing Tesla in the stock market this year ...Middle East

Quartz - Economy
Volkswagen is trouncing Tesla in the stock market this year
source : Quartz ( Middle East ) () 16
Shares in gas-guzzling car makers from Volkswagen to General Motors are soaring as they talk up their plans for electric vehicles. While they are light years from catching up to the market value of Tesla, the gains suggest growing faith from investors that companies from Detroit to Deutschland can reinvent themselves.Volkswagen, the world’s second-biggest car seller, has risen more than 50% in the stock market this year, according to FactSet data. GM stock has rallied 46%, while shares of Tokyo-based Toyota, the No. 1 car seller, have increased 9%. Tesla stock has gone the other direction, declining about 10% in 2021, the company still has a market capitalization roughly equal to that of GM,

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