Elon Musk Says Volkswagen ‘Lucky’ To Have CEO Diess

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk on Thursday praised Volkswagen Team (OTC: VWAGY) CEO Herbert Diess for his electrification push at the German auto big.

What Occurred: The billionaire entrepreneur explained the legacy automaker is “lucky to have” him and that he deserves a “lot of credit rating for relocating VW rapidly towards electrification.”

Musk was replying to a article on Twitter, in which Diess is found praising Musk and Tesla in an interview with Lesley Stahl on CBS News.

Diess deserves a good deal of credit rating for relocating VW swiftly to electrification. They are fortunate to have him.

— Elon Musk (@elonmusk) April 21, 2022

“Tesla is fairly in advance at this time, and they’re rising rapidly, I have to admit. He is getting far more risks than we can,” Diess experienced mentioned in the interview.

See Also: Tesla’s Giga Berlin Is Just About 120 Miles From Volkswagen’s Plant — But CEO Diess Is just not Apprehensive

Deepening Bonhomie: The bonhomie in between Musk and Diess is not new, while it is a unusual trait in the automotive sector. Musk experienced reportedly presented Diess the CEO role at Tesla in 2015.

Diess in October acquired Musk to address Volkswagen executives and praised Tesla’s ability to quickly address the global semiconductor scarcity.

Volkswagen and other European automakers are below included force now that Tesla has started off professional manufacturing at its Giga Berlin manufacturing facility. 

Volkswagen is spending $7.1 billion over the subsequent five many years on EV assignments in North The usa. It aims to start 25 new styles in the location as a result of 2030, with a goal of 55% of U.S. car profits to be totally electric powered.

See Also: Elon Musk And Tesla Get Praise From CEO Of Legacy Automaker For Paving The Way Forward For EVs

Value Motion: VWAGY shut .8% larger at $23.5 a share on Thursday.

Photograph collage via Thomas Hawk on Flickr/Rudolf Simon on Wikimedia