Analyst Says Volkswagen Will Overtake Tesla in Electric Vehicle Sales This Year

There was more than the usual market chatter about Tesla Motors (NASDAQ: TSLA) on Tuesday, following the airing of an analyst's opinion that the company will soon be lapped by a big rival in the electric vehicle (EV) segment.

Gordon Johnson, who keeps tabs on Tesla for GLJ Research, said Volkswagen (OTC: VWAGY) will overtake the company in terms of EV unit sales this year. Volkswagen stated on Tuesday that it aims to deliver 1 million EVs over the course of 2021. By contrast, Johnson pointed out, Tesla has said it anticipates a 50% rise in its deliveries, however that lands the company at a floor of nearly 750,000 units for the year. 

Image source: Tesla Motors.

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Source Fool.com