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Benzinga
Benzinga
Technology
Rachit Vats

'Tight Race But Won't Give Up:' Volkswagen CEO Praises Tesla Again, Says Elon Musk's Pace Surprised Him

Volkswagen Group (OTC; VWAGY) CEO Herbert Diess has reportedly praised rival Tesla Inc (NASDAQ: TSLA) yet again, saying the Elon Musk-led company's speed of expansion took him by surprise.

What Happened: The 63-year-old chief executive of the German legacy automaker admitted Volkswagen may struggle to overtake the electric car leader, The Guardian reported on Monday, citing an online Financial Times conference.

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