Of course it´s unwise to look at 2 years sales.
But for 12-14 years, tsla has been growing sales 45% y/y exponential.
For 3-4-5-6 years byd and geely in china have also been growing sales 50% y/y exponential, give or take.
VW is saying and has been saying stuff about EVs -- for at least 7 years.
At leat 5-7 prototype VW EVs never appeared.
Several VW battery factories never appeared.
VW has been big in press releases -- but the cash does not appear in their quarterly 10Q statements as reserves and planned investments.
VW does not have 190B in cash to invest.
EV sales went from 0.02% globally to about 12% currently, oecd.
This is about 600x growth.
The tsla gigafactory about 7-9 years ago, 35 GWh / yr planned output, was more than the global total supply at that time.
In 2022 global motive lion output was about 650 GWh, about 20x growth.
I am NOT so much a cheerleader for tsla.
I AM pointing out technical facts that no existing shipping EV product we know of has anywhere near the performance of tsla power electronics in their inverter-combo.
11 kW home charging, cabin heating, 93% efficiency, under 500$ build cost, 1700 amps 400 V peak output, excellent regen.
The real point is that tsla, and in the future others, perhaps polestar, can deliver excellent premium vehicles for much less cost than anyone else.
Tsla has the worlds highest margins around 12.000$/vehicle, +, about 5x higher than toyota, on about 55.000$ avg ticket size.
Within a few years tsla, and or others, will have a cheap mass market premium product like a bmw 2 series.
Or golf Gti.
For 10.000$ less retail, and 1/5 the use cost in fuel, globally.
I think it is unwise to make longer term judgements based on sales over the last 2-3 years
Volumes and profits have been uneven and supply limited.
Volkswagen is saying they will invest in EVs and you say investors are forward looking and will invest in EVs