Volkswagen denied a report that it has interest in taking a stake in Tesla.
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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