Further, VW AG sells about a million electric cars a year, growing at 33% YoY. Tesla 1.6M, shrinking at 9% YoY. It is likely that VW will be a bigger _electric_

Further, VW AG sells about a million electric cars a year, growing at 33% YoY. Tesla 1.6M, shrinking at 9% YoY. It is likely that VW will be a bigger _electric_ car seller than Tesla within a year or two (already is if you count PHEVs, obviously). It's a pretty weird take, unless you think that Tesla _being overvalued_ is itself a desirable thing.