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Stock impact report

Volkswagen All-Electric ID.4 SUV To Sell For $40K In US [Yahoo! Finance News]

Tesla, Inc. (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Volkswagen AG (OTC: VWAGY) held a "digital world premier" for its ID.4 electric SUV on Wednesday.What Happened: The electric SUV has a range of almost 320 miles and a top speed of nearly 100 miles per hour, Volkswagen said in a statement. The suggested retail price for the vehicle in the United States is $40,000, according to The Verge. Rival Tesla Inc (NASDAQ: TSLA) prices the "long range" Model 3 sedan at $40,690, as per its website. That vehicle delivers a range of 322 miles and a top speed of 145 miles per hour.The lowest-cost version of the yet to be released Tesla Cybertruck is listed at $39,900 and delivers over 250 miles in range.Why It Matters: The ID 4 went into production in Germany in August and manufacturing is slated to begin in Chattanooga, Tennessee in 2022, according to CNN. Volkswagen has ambitions to dominate the world market in electric vehicles and plans to invest nearly $13 billion by 2024 to that end, according to its CEO Ralf Brandstatter.The German car giant w Show less Read more
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