
Tesla Inc (NASDAQ:TSLA) was outpacing Volkswagen AG (OTC:VWAGY) on Friday, with the former trading up more than 4% higher at one point while the latter gapped down to start the session but was working to erase its losses.
A Bloomberg Intelligence forecast recently released estimated that Volkswagen could overtake Tesla by 2024 to become the top electric vehicle manufacturer. Although Volkswagen currently holds more of the EV market share than Tesla in Europe, the German-based automaker has a long way to go before surpassing Tesla in North America and China.