Tesla Facing Growing Competition From a Big Player

According to a recent research, a big carmaker may be able to eclipse Tesla's EV sales by 2024.

Volkswagen Aktiengesellschaft (VWAGY) - Get Volkswagen AG ADR Report is going quickly.

The German carmaker has recently accelerated its pursuit of electric vehicle kingpin Elon Musk's Tesla (TSLA) 

According to the firm, "27 percent more all-electric car deliveries in the first half of 2022!" 

"The #VWGroup electric ramp-up is in full swing," the company said in a tweet on July 15. 

"217,100 "#ElectricVehicles given delivered by end of June," it stated. 

#BEV deliveries in #China have more than tripled to 63,500. Western Europe's EV order intake has increased by 40%."

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