Technology

Fast pace of Tesla success a surprise, says Volkswagen chief

Fast pace of Tesla success a surprise, says Volkswagen chief

Tesla's expansion took Volkswagen by surprise, said an official, and the German carmaker may struggle to overtake Tesla, its U.S. rival. Speaking via video link from Germany at a Financial Times auto conference, Herbert Diess, Volkswagen's chief executive, said, "We did not expect our main U.S. competitor to be so fast. It will be tight, but we will not give up on it. I would still see a chance that by 2025 we are first. At least second."

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