Volkswagen denies interest in buying stake in Tesla

While industry rumours are often met with a dead bat, Volkswagen has issued a firm denial it is interested in purchasing a shareholding in Tesla. Sources have told Manager Magazin the Volkswagen Group's CEO Herbert Diess is interested in acquiring a stake in Tesla in order to gain access to its software and battery design expertise. Although Diess is said to meet regularly with Elon Musk, Tesla's CEO, the American automaker has rebuffed requests from Volkswagen for an alliance.