Tech
Why Volkswagen Is Beating Tesla In Europe
In the U.S., Tesla dominates the conversation around electric vehicles, but in Europe, it’s a different story. Germany-based Volkswagen Group has risen from the ashes of its 2015 emissions scandal to become the EV market leader in Europe, where it has an edge thanks to local manufacturing, brand familiarity, and cheaper price points. But whether Volkswagen can broaden its appeal to become the global EV leader remains to be seen.
Germany-based Volkswagen Group has risen from the ashes of its 2015 emissions scandal to become the EV market leader in Europe, where the company reported that it had 26% market share in the first half of 2021. While Tesla’s Model 3 has been selling well in the region, Volkswagen’s local manufacturing, brand familiarity and cheaper price points have helped give it an edge over Tesla.
But as Elon Musk aims to start production at the Berlin Gigafactory by year’s end, Volkswagen’s lead could be short-lived.
In the rapidly growing EV market, analysts say the Volkswagen Group benefits from its wide array of brands, which includes luxury marques like Audi, Bentley and Porsche. VW’s most popular EV in Europe is the more affordable ID.3, a hatchback that starts at around $40,000. And in September 2020, Volkswagen released the ID.4, an SUV aimed at the global market that has since become Volkswagen’s top-selling EV overall.
However, Volkswagen still lags behind Tesla globally. Tesla delivered more than 627,000 EVs in the first three quarters of 2021, while Volkswagen sold about 293,000 cars. But Volkswagen, along with other traditional automakers and EV startups, plans to release an abundance of new all-electric models in the next decade.
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Why Volkswagen Is Beating Tesla In Europe
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A growing number of consumers are seeking out third spaces and membership clubs focused on wellness to improve their health while also socializing.
Companies like Bathhouse, Othership and Glo30 have hopped on the trend, offering third spaces centered around wellness with opportunities to foster social connections.
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Consumer electronics retailer Best Buy is testing out a new format as it tries to steady the business and boost sales growth. It’s opening new, smaller-scale stores this summer in markets about half the scale of its traditional locations. CNBC’s Laya Neelakandan spoke exclusively with incoming CEO Jason Bonfig about his plans for the concept.
Produced, Shot and Edited by: Natalie Rice
Reporting by: Laya Neelakandan
Animation: Jason Reginato, Emily Park
Senior Director of Video: Lindsey Jacobson
Additional Footage: Best Buy, Getty Images
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Best Buy Is Shrinking Some Stores. Here’s Why That’s A Good Thing
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Brian Krzanich, Intel CEO, discusses his company’s efforts to invest in artificial intelligence and autonomous vehicles through Alphabet’s Waymo partnership.
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Artificial Intelligence In Its Infancy: Intel CEO Brian Krzanich | CNBC
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AI is moving from answering questions to taking action, and the bills are arriving faster than anyone budgeted for. An agent that spins up thousands of other agents can turn a $20 task into a $50,000 one, and companies are starting to scale into bankruptcy. The fight now isn’t over how smart these systems are. It’s over who controls what they do and what they cost.
Deirdre Bosa talks with three executives at the center of that shift:
» Jeetu Patel, President and Chief Product Officer at Cisco, on rogue agents, guardrails and why autonomous systems need a kill switch.
» Lin Qiao, co-founder and CEO of Fireworks AI, on inference economics and whether efficiency can keep AI businesses solvent.
» Evan Beard, co-founder and CEO of Standard Bots, on the U.S.-China robot gap — 300,000 deployed to our 30,000 — and what it costs to lose the next platform.
Chapters:
00:00 Introduction
1:00 Is AI’s easy-money era over?
4:43 Cisco President Jeetu Patel
21:20 Fireworks AI CEO Lin Qiao
37:59 Standard Bots CEO Evan Beard
Anchor and columnist: Deirdre Bosa
Produced by: Jasmine Wu
Editing by: Michael Hoyt
Technical Associate: Sami Savona
Senior Director of Video: Jeniece Pettitt
Additional Footage: Getty Images
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AI’s Control Problem: Agents, Costs And Robots
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America has a chip strategy for AI. It doesn’t have an open-source one.
Washington spent billions protecting the hardware layer — the CHIPS Act, a stake in Intel, export controls on Nvidia. But the models the world actually builds on are increasingly coming out of China: DeepSeek, Z.ai’s GLM, Moonshot’s Kimi. Open weights can be downloaded, customized and run on your own servers, and are often cheaper.
Now the pressure is coming from inside American tech. Jensen Huang used his first post on X to publish an open letter urging Washington to treat open-weight AI as a strategic asset — co-signed by some of the biggest AI players, with Anthropic the major holdout.
Meanwhile enterprises are asking a harder question: who owns what the AI learns about your business? Deirdre Bosa tackles the layer of the AI stack Washington isn’t funding.
Chapters:
0:00 Introduction
1:19 Washington’s blind spot
4:27 Who owns your company’s brain?
7:35 The industry picks a side
Anchor and Columnist Deirdre Bosa
Produced by Jasmine Wu
Edited by Andrew Evers, Erin Black
Senior Director of Video Jeniece Pettitt
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America Needs An Open-Source AI Strategy
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@CRaul87
January 1, 2024 at 4:51 pm
this didn't age well
@Anomize23
January 1, 2024 at 4:51 pm
Man, this video has aged well has it?😂😂 Volkswagen is losing money all their small vehicles. 🤡
@andrewstehlik3917
January 1, 2024 at 4:51 pm
Musky is not a “visionary persona”, but the reason I would do almost whatever not to drive Tesla. He is just disgusting.
@FerbyArisaka
January 1, 2024 at 4:51 pm
Yeah i will go to VW instead a Tesla 😄
@secrets.295
January 1, 2024 at 4:51 pm
Give VW 10 years and they will beat Tesla global market share. Tesla's cars are ridiculously ugly. Why people want to buy them is a wonder
@N0rdman
January 1, 2024 at 4:51 pm
This didn't age well, Tesla Model Y is the number one selling car in almost every market in Europe.
VW reports their sales as good, but actually, it is deliveries, as most VW EVs being delivered today are sold almost two years ago with 18 months of delivery., whereas new sales are dropping like a stone as the EVs never lived up to their expectations, software being poorly executed, the over the air updates never becoming a reality.
Volkswagen has now scrapped its EV platform and bought one from SAIC and acquired a 4.99% stake in Xpeng, most probably for manufacturing facilities making VW made in China and useless factories in Europe they ill afford to upgrade to EV production as their $189 billion USD debt and no assets of real value to offer as equity, banks or institutes are not going to be willing to lend out more money towards the development of EVs or restructuring of their business.
@matthiasknutzen6061
January 1, 2024 at 4:51 pm
Don't get why rhey dint sell the id3 in usa seems dumb
@baldurvigfusson5797
January 1, 2024 at 4:51 pm
This aged terribly 😂😂
@richardretout5762
January 1, 2024 at 4:51 pm
Same question …
And it is funny how specialists commentaries are ageing …
@nemesis1134
January 1, 2024 at 4:51 pm
Why is this video being recommended to me in 2023? Anyway, we know how that went, Tesla is dominating in Europe. (and China & US)
@FrostyAUT
January 1, 2024 at 4:51 pm
Looking back at this is actually hilarious.
@thorfinn64
January 1, 2024 at 4:51 pm
😁😅😂🤣
@jonaswolfram4287
January 1, 2024 at 4:51 pm
Elon „Cringemaster“ Musk made people avoid Tesla. Sad, many great minds and engineers made this car work. Man child Musk now made it uncool to drive Tesla … people literally laugh at you if you show up with a Tesla
@malcolmclayton6651
January 1, 2024 at 4:51 pm
Beatle EV
@f.m.9021
January 1, 2024 at 4:51 pm
VW beating Tesla 😂😂😂😂, on which planet?
@adrianrouse5148
January 1, 2024 at 4:51 pm
What irritates me is the lies around range. Tested indoors no headwind. Nobody in the car. Nothing turned on set at its most economical speed. Just watched a program with a ev towing a caravan. Best figure they got was 100 miles before the battery was flat. And you can't charge with anything being towed. So you have to disconnect and reconnect every 100 miles. Many winter driving tests halve the range. Battery's and infrastructure have to be better.
@bengordon7635
January 1, 2024 at 4:51 pm
because everyone knows EV's will be on the back burner and green deals are over for awhile probably Toyota H2 is the alternative even Tesla is making hydro because the key elements for electric cars I believe mostly comes from Russia and all that is gone plus china aluminum may be gone so my V8 mustang was a good buy hahahahahahahahhaahah
@SamOha33
January 1, 2024 at 4:51 pm
These two companies are literally shaping the future
@lisajay7174
January 1, 2024 at 4:51 pm
It is better to invest now. You will never be younger than you are today and there will never be a perfect time to invest. Due to compounding, which Einstein called the 8th wonder of the world, you can get rich slowly from investing if you do it from a young enough age.
@brucemcintyre295
January 1, 2024 at 4:51 pm
This entire article is SO out of date that it is worthless.
@SuperErikzor
January 1, 2024 at 4:51 pm
this didnt age well
@CliffordMiemban
January 1, 2024 at 4:51 pm
Fact:
“This news is FALSE, as a European, TESLA is beating everyone here, with MUCH HIGHER PROFIT PER CAR, with almost 100% SATISFACTION per owner, and their GIGABERLIN is not just huge, but also more advance than any of their competition, period.”
ALL LEFTIST NEWS company hating ELON MUSK, since he bought TWITTER, that they used for their own PROPAGANDA!
@davidt-rex2062
January 1, 2024 at 4:51 pm
Europeana are not fooled by the clown that is musk as easily.
@katarzynamarszal5752
January 1, 2024 at 4:51 pm
The fight against "climate warming" does not apply to the rich? Each billionaire emits a million times more CO2 than the average person
@tanyaroberson9629
January 1, 2024 at 4:51 pm
I wouldn't buy a Tesla just bases on Musk being a scum.
@user-yf2yj5ct6m
January 1, 2024 at 4:51 pm
YES YES YES, Volkswagen will beat Tesla and go to Mars! 🤣🤣🤣🤣🤣🤣
@Charlie-gf4mv
January 1, 2024 at 4:51 pm
8:47 "The luxury and SUV market, something that Tesla has somewhat ignored". What is this guy on, the models that made Tesla famous were the S and X, literally both luxury and one an SUV. He also thinks that Tesla is going to have market dominance in China which is simply crazy. I would be surprised if Tesla can keep 20% of the US in the long run, they just can't make cars in the numbers and for the price point that the huge automakers are able to.
@choikyusung1
January 1, 2024 at 4:51 pm
After a year, Tesla taking more possession in Europe EV market, selling model 3 near double more than ID3. CNBC's this analysis is trash.
Why every broadcast company hate Tesla? Because Tesla doesn't give advertisement to them.
This is not a report, this is a their pray for failure of Tesla.
@aifx1379
January 1, 2024 at 4:51 pm
And now, a year later, Tesla Is Beating Volkswagen In Europe.
And a year from now, cheap Chinese EVs will be beating them.
@IsaacYoung-qk3hz
January 1, 2024 at 4:51 pm
VW a leader in mass producing crap and an envy of Tesla
@SS13934
January 1, 2024 at 4:51 pm
In general Europe don`t buy American cars, industrial protectionist policies..
@straighttalk2069
January 1, 2024 at 4:51 pm
This video is completely misleading. Tesla are the most successful and sought after EV brand in Europe.
@guydiehl7015
January 1, 2024 at 4:51 pm
I'm watching this a year later, and I really don't think the title of this video is correct. (Nov. 2022)
@tanujSEM
January 1, 2024 at 4:51 pm
Private property with class relation must end
@Mia-Taylor-Love-Live
January 1, 2024 at 4:51 pm
The only problem I had with VW was frequent engine repairs and maintenance. Since there's no engine, VW could be worth considering
@stephanusjohannes422
January 1, 2024 at 4:51 pm
https://youtu.be/qMbLR9qRHbo
Grubs still at it in 2022!