I keep a close eye on Tesla's (TSLA) competition across the automotive industry as well as the energy sector for Value Portfolio subscribers, and last week's announcement from Volkswagen (OTCPK:VLKAY) was a significant event.
In an article that provided an overview of the announcement, Bloomberg's Chris Reiter and Christoph Rauwald declared:
VW Just Gave Tesla a $25 Billion Battery Shock
There's always more to an article than an attention-grabbing headline, so let's dig in. The authors included the following graph in the article:
According to the article, the figures above