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Volkswagen Is Pulling Ahead With Its Electric Vehicles. That Could Boost the Stock.

·3 min read
Volkswagen Is Pulling Ahead With Its Electric Vehicles. That Could Boost the Stock.
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Shares of German car giant Volkswagen tumbled in the past three months over fears that production will be hurt by the global shortage in semiconductors that control the electronic brains of its vehicles, and by supply-chain problems that will delay its parts. This dip could be a good buying opportunity because optimism over VW’s advances in manufacturing electric vehicles could boost sales and trim costs. Its Volkswagen ID.4 GTX—an electric sport-utility vehicle with a €50,000 price tag—is seen as an effective rival to Tesla (TSLA).