Take heed, Tesla (NASDAQ:TSLA) investors: At today's Volkswagen(VLKAY) management presentation and Q&A at Wolfsburg, Germany, the company had some tangible near-term news that's material to Tesla's prospects, or lack thereof. The Volkswagen presentation materials are found here: Annual Media Conference 2018.
In particular, two very important things stood out. Let's deal with them in turn.
First, listening to the Q&A session, management was asked about the battery costs. As with all other automakers, VW buys the battery cells from suppliers, just like it does with so many auto parts. In the past,