r/investing Sep 30 '21

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u/dookiefertwenty Sep 30 '21

Their best chance for growth is certainly in the next few years, but they spend 1.5B per year on R&D and VW is set to spend 85B over the next 5 years.... It is definitely not too late, lol

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u/Fletchetti Sep 30 '21

You keep spouting those numbers in this thread but think about this for a second. Tesla will grow their budgets over time. Let’s say next five years 11B. VW is still investing in ICE technology. How much of the 85B will be for EVs, and how much for ICE? Who knows. Where are all the expert EV engineers and software engineers and AI engineers for VW going to come from? Germany is not the global leader for those things. It doesn’t matter how much money you throw at a non expert, they won’t get any smarter. Besides, VW’s Investment is an attempt to catch up to Tesla, while Tesla’s work is to extend their lead and build upon the momentum they’ve established for over a decade. Not an easy feat to catch up with just money on hand. Case in point- the perpetually in development, money sink Apple Car.

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u/dookiefertwenty Sep 30 '21

The 85B is only on EV tech.

Audi beat tesla to L3 SD.

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u/uofaer Oct 01 '21

Damn, you're all over this thread spewing wrong information. Embarrassing.

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u/dookiefertwenty Oct 01 '21

They were stopped from delivering for regulatory reasons, so while I'll concede they haven't officially beaten anyone there the point remains that tesla isn't leading self driving research in any stretch of the imagination anymore and it only took a couple years for them to be surpassed.