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Volkswagen is copying Tesla in more ways than one.
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The Germans boss her body's recently took to tweeting about his share price.
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Like Elon Musk has also promised attack transformation from cars to downloads, with more details expected at a so called Power Day next Monday.
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It's self a copy of Tesla's Battery Day last year.
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This is good reason to try and replicate mosque.
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Volkswagen shares traded a mere nine times forward earnings, a fraction of Tesla's multiple.
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To get that higher, he needs to move from making low margin gas guzzlers to selling lucrative driver downloads in electric cars.
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Analysts at U.
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B s reckon sales of software such as assisted driving programs could generate $81 billion in industry operating profit by 2025.
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Assume these can get 16% of that market, in line with Volkswagen's estimated share of battery vehicles the same year.
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Putting its software business on a 17 times multiple the same as German software provider S A P implies Volkswagen's tech sales alone might be worth $222 billion.
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That's nearly three quarters higher than the Gulf makers current market like there.
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True, Volkswagen is already well behind digital pacesetter Tesla.
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In that regard that Denise knows that second place is well worth chasing.
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Mm.
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Mhm.