WSJ: How Volkswagen’s $50 Billion Plan to Beat Tesla Short-Circuited
Oh boy. With a headline like that, you know the story’s gotta be good: ZWICKAU, Germany—Five years and nearly $50 billion into the auto industry’s biggest bet on electric vehicles, Volkswagen VOW 2.05% CEO Herbert Diess and his guest, Chancellor Angela Merkel, stood in anticipation as the first ID.3, Germany’s long-awaited answer to Tesla, rolled off the assembly line. […]