TELETRADER News
8/22, 2:52 PM (Source: TeleTrader)
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Tesla+0.72%

354.85
Chart for: Tesla, Inc.

VW+0.77%

177.10
Chart for: VOLKSWAGEN AG ST O.N.

Tesla up in premarket amid report of VW CEO interest

Tesla stocks traded with gains before the bell on Wall Street as a report from German Manager Magazin said that Volkswagen CEO Herbert Diess is interested in purchasing a stake in the United States electric auto producer founded by billionaire Elon Musk.

Diess is mostly interested in the software component of the company or the knowledge of its developers.

The report which cites a Volkswagen manager said that Dies would move to acquire Tesla immediately "if he could." However, he would still need approval of owner families Piech and Porsche. Tesla rose 2.52% before the start of the trading day while Volkswagen traded 0.31% in the green at 2:49 pm CET.

Breaking the News / VP