Volkswagen receives fresh capital through an enormous increase in value on the stock exchange.
This is apparently based on positive investors from the USA.
It's about the rivalry with Tesla.
Wolfsburg - Volkswagen has embarked on a rocky course away from the internal combustion engine; the path inevitably leads in the direction of new drive technologies.
Europe's largest car company is focusing on the one hand on the development of electric cars, the venture is already bearing fruit and has recently generated remarkable news.
The Wolfsburg-based company also wants to increase its software competence noticeably, a major cost factor.
Volkswagen is currently benefiting from an extraordinary surge in the stock market in financing the challenging upheaval.
From an investor's point of view, the corona pandemic has apparently largely lost its horror, as the price upswing of the VW share in recent weeks shows.
The preferred share listed in the Dax is at its highest level since 2015.
VW shares receive huge boost from investors in the States
Not so long ago it looked as if CEO Herbert Diess would have to look for other ways to attract new capital - the IPO of a pearl of earnings is floating around.
However, the strong previous year's result despite the Corona crisis, the e-offensive with the construction of six gigafactories in Europe and the platform strategy also in the areas of networking and software have given the group an innovative shine on the stock markets.
In the Dax, Volkswagen is currently even the most valuable company, ahead of the previous Primus SAP.
A large part of the push for the VW share apparently comes from the USA, as
Manager Magazin
describes.
US investors are discussing vigorously on the Internet platforms there about the competition between the German car giant and the electrical and innovation pioneer Tesla.
The tenor of the entries: Compared with other rivals, Volkswagen is evidently given the greatest opportunity to stand up to Elon Musk's company.
The fresh capital from North America suits the Wolfsburgers.
The core business itself is where most of the money is made in Asia.
A phenomenon that is apparently added to the current development: The VW preferred shares and the common shares are no longer moving in lockstep.
And that is the reason: Stock market professionals (here the most important terms) explain to the magazine that some investors usually bet on a falling price in order to secure holdings in the included Porsche SE.
In the current case, however, it is different: If VW shares rise rapidly, short positions must be hedged - and Volkswagen stocks are bought.
For a few days, however, the run on ordinary shares has accelerated dramatically - by more than 40 percent since Monday alone - but not so for preference shares.
VW securities soaring - common and preferred shares are drifting apart
The current run from overseas brings back memories of the hype surrounding the Gamestop share, when private investors let the game developer's securities soar to unimaginable heights within a few days.
The reason for this was the hatred of the speculative business of the hedge fund managers.
Observers, however, see strong real interest from US private investors in VW securities.
And the reason for the drifting apart between ordinary and preference shares?
According to the report, there is the following explanation for this: If private individuals in the USA want to invest in VW shares, they have to do so using certificates at US banks that reflect the carmaker's share price (ADRs).
In the case of Volkswagen, however, US investors are primarily interested in ADRs on common stocks.
There are also papers on VW preferred shares on New York's Wall Street.
However, they are unpopular due to a higher investor risk.
For this reason, only the VW ordinary share price rose, according to
Manager Magazin
.
According to
Reuters
, the ADRs volume on these papers was even twelve times higher this week than the average for the past 90 days.
Nearly twelve million such papers were reportedly traded on Nasdaq in New York on Wednesday - about as many as in the first two months of 2021 combined.
(PF with dpa)
