What exactly was Tesla first on? They managed decent range but there EVs are simply not that difficult to build compared to ICEs. Software is big but they know they are behind they have the ressources, and the institutional commitment.
It's not that I think Tesla should have the same cats/validation ratio as VW. They are ahead after all. But it's very hard to see the extend of the discrepancy in validation as justified over the long run for me. And it's not like VW is ignoring adjacent markets, Moia is a reasonably successful pilot, etc...
This myth simply does not hold up once you consider how pretty much all manufactures have run into massive problems with EV production and struggle to achieve margin.
If it was so easy as claimed, Tesla would not multiple of the highest selling EV all over the world.
All that ICE infrastructure is massive bound up capital, that gone be a negative in a couple of years.
VW can barley get the basic software for their EV right at the moment. The CEO has admitted the lead Tesla has.
> planned to scale to 330000 EVs/y next year.
They have been missing their claimed targets many times before. Even if they manage that, only a tiny % of current cars sold are electric. Nobody believes Tesla will own 100% of the market.
If VW can actually make good on all those promesses, their stock will also go up.
But having the legacy and investment of massively depreciating ICE assets and not shown the ability to produce profits with EVs, they will need to execute to convince investors again.