Hyperdrive
VW CEO’s Embrace of Elon Musk’s Playbook Sends Stock Soaring
- Diess emulates the Tesla chief’s rapid-fire EV announcements
- VW’s market value has surged by about $43 billion this month
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Volkswagen AG has swiftly gone from corporate dinosaur status to stock market darling, and its chief executive officer’s imitation of Elon Musk has a lot to do with it.