Oxbow Advisors managing partner Ted Oakley and Delancey Strategies President Jared Levy give their take on Tesla amid U.S.-China trade worries.
Volkswagen is optimistic about doing something that its competitors have struggled to do: turn a profit while making electric vehicles.
VW CEO Herbert Diess says his company has a plan not to lose money.
"Our approach is different," Diess said. "We come with high volumes, we come with a dedicated platform that is only for electric cars, and we generate a lot of scale because we are investing at the same time in China, in Europe, and in the US.”
Electric automaker Tesla has not yet turned a profit on an annual basis, though it has had a handful of profitable quarters.
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VW has an electric car on display at the Frankfurt Motor Show in Germany. The ID.3 is priced at under $33,000.
If Volkswagen has its way, two out of every five cars the company sells will be electric by 2030.
Check out the hottest cars at the IAA Auto Show in Frankfurt, Germany.
The new Volkswagen ID.3 is displayed at the IAA Auto Show in Frankfurt, Germany, Monday, Sept. 9, 2019. (AP Photo/Michael Probst)
The Mercedes concept car "EQ Silver Arrow" is surrounded by media people at the IAA Auto Show in Frankfurt, Germany, Monday, Sept. 9, 2019. The IAA starts with two media days on Tuesday and Wednesday. (AP Photo/Michael Probst)
The Mercedes concept car "Vision Urbanatic" is photographed at the IAA Auto Show in Frankfurt, Germany, Monday, Sept. 9, 2019. The IAA starts with two media days on Tuesday and Wednesday. (AP Photo/Michael Probst)
A 'Vision EQS' of the car manufacturer Mercedes is displayed at the IAA Auto Show in Frankfurt, Germany, Tuesday, Sept. 10, 2019. (AP Photo/Michael Probst)
A woman cleans the prototype of a Chinese car at the IAA Auto Show in Frankfurt, Germany, Monday, Sept. 9, 2019. The IAA officially starts with media days on Tuesday and Wednesday. (AP Photo/Michael Probst)
The Porsche Taycan, the first purely electric driven car of the German car maker, is present during a world premier event at the airport Neuhardenberg, about 70 kilometers (45 miles) east of Berlin, Wednesday, Sept. 4, 2019. (Patrick Pleul/dpa via AP)
The Porsche Taycan, the first purely electric driven car of the German car maker, is present during a world premier event at the airport Neuhardenberg, about 70 kilometers (45 miles) east of Berlin, Wednesday, Sept. 4, 2019. (Patrick Pleul/dpa via AP)
A woman cleans a Mercedes car at the IAA Auto Show in Frankfurt, Germany, Monday, Sept. 9, 2019. The IAA officially starts with media days on Tuesday and Wednesday. (AP Photo/Michael Probst)
Cars are covered with red blankets at the IAA Auto Show in Frankfurt, Germany, Monday, Sept. 9, 2019. The IAA officially starts with media days on Tuesday and Wednesday. (AP Photo/Michael Probst)
A red car stand behinds a curtain at the IAA Auto Show in Frankfurt, Germany, Monday, Sept. 9, 2019. The IAA officially starts with media days on Tuesday and Wednesday. (AP Photo/Michael Probst)
VW also rolled out a new logo, updating the one it has had essentially since World War II.
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The Associated Press contributed to this report.