Source: Wall Street
Musk showed up at a Volkswagen executive meeting.
Tesla, Inc. CEO Elon Musk (Elon Musk) brings us another breaking news:He unexpectedly appeared at a meeting of executives of Volkswagen Group, one of his biggest competitors, to address 200 Volkswagen executives on the direction and management style of Volkswagen's transformation of electric vehicles, as well as supply chain and production issues.
According to Barron Weekly, Musk was invited as an "unexpected guest" to join Volkswagen Group's executive meeting on Saturday night and delivered a speech during a three-day event in Albach, Austria. This is a rare move for a corporate giant to speak to a competitor.
Volkswagen CEO Dis wrote in a post on LinkedIn:
I am glad to hear that even our strongest competitors believe that if we do our best to promote the transformation, we will successfully achieve the electric transformation.
"the strongest competitor" is a compliment:The Volkswagen Group dwarfs Tesla, Inc. in terms of global scale and manufacturing capacity. Volkswagen is the world's largest carmaker by sales, delivering more than 10 million vehicles in the past 12 months, while Tesla, Inc. sold about 706000 vehicles-a fraction of Volkswagen's delivery.
However, Tesla, Inc. is the world's most valuable car company, with a market capitalization of about $844 billion, far exceeding Volkswagen's market capitalization of $141 billion: Tesla, Inc. is growing faster and is the global leader in electric cars.
Under Deiss's leadership, Volkswagen is seeking to become one of the world's largest electric car manufacturers, planning to use the money to expand its product line and build battery factories to increase production of electric vehicles. Now, the company is trying to persuade its executives to take electric cars seriously and complete the transition to electric cars as soon as possible.
Mr Musk said at the meeting that Tesla, Inc. was more agile than other carmakers because of his management style, he was first and foremost an engineer, and he was obsessed with supply chains, logistics and production processes.
When it comes to competition, Mr Musk says electric cars are still grabbing market share from gasoline-powered cars. There is enough room for multiple electric car manufacturers, and the faster transition to electric vehicles will be as good for Tesla, Inc. as it is for any traditional car company, or even greater.
Mr Deiss said in his post that Tesla, Inc. 's handling of the global chip shortage was "impressive" and that it was able to switch to different chips in two to three weeks using its own software.
Dees added:
The public needs a new state of mind to meet the new competition. We have everything we need to meet the challenge. The right strategy, the right ability, the right management team. We can do it-but we have to act now.
Edit / tina