$Tesla (TSLA.US)$ CEO Elon Musk on Thursday praised  $VOLKSW...

$Tesla(TSLA.US)$ CEO Elon Musk on Thursday praised $VOLKSWAGEN A G(VWAGY.US)$ CEO Herbert Diess for his electrification push at the German auto giant.
The billionaire entrepreneur said the legacy automaker is “lucky to have” him and that he deserves a “lot of credit for moving VW rapidly towards electrification.”
Musk was replying to a post on $Twitter (Delisted)(TWTR.US)$ , in which Diess is seen praising Musk and $Tesla(TSLA.US)$ in an interview with Lesley Stahl on CBS News.

“Tesla is quite ahead currently, and they’re growing fast, I have to admit. He is taking more risks than we can,” Diess had said in the interview.
Volkswagen and other European automakers are under added pressure now that $Tesla(TSLA.US)$ has started commercial production at its Giga Berlin factory.
Volkswagen is spending $7.1 billion over the next five years on EV projects in North America. It aims to launch 25 new models in the region through 2030, with a target of 55% of U.S. vehicle sales to be fully electric.
Price Action: $VOLKSWAGEN A G(VWAGY.US)$ closed 0.8% higher at $23.5 a share on Thursday.