VW CEO: Latest self-driving car investment will let us 'beat Tesla' - Business Insider

for Tesla. But as Elon Musk's automaker closes in on opening a factory in VW's backyard in Berlin, his tone seems to be shifting.

By 2025, VW is planning a fully electric flagship car for most of its brands including Audi, Bentley, and Porsche. That's on top of VW's ID.3, which is already in production, and anset to target the mass-market American SUV segment next year. It's all part of a 73 billion euro investment in its electric powertrain and software development, announced Monday.

Volkswagen has a long way to go to top Tesla's sales, and Musk has said the company aims to be at a half-a-million annual clip by the end of 2020. However, VW brings a wealth of manufacturing capacity and expertise to the competition.

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