TheVolkswagen Group(VLKAF)said in a statement Tuesday that it now plans to build 22 million electric cars across its brands by 2028, a sharp increase from its earlier estimate of 15 million. It said it may also get into the battery manufacturing business in Europe.
Quick tell them to not invest! Investing in electric creates no value according to the genius shorters on this forum. I think gxy should hire these shorters. At least then we can say gxy is fairly valued at $2!
GXY Price at posting:
$2.00 Sentiment: Buy Disclosure: Held