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Volkswagen says report about its interest in buying Tesla stake is 'unfounded'

Volkswagen won't be buying Tesla... apparently. The auto giant is denying reports from German publication 'Manager Magazin' that its CEO Herbert Diess wants to buy shares in Tesla to access its software and batteries technology. In a statement to yahoo finance, the company says- "The latest media speculations regarding v-w investments in Tesla are unfounded." Yahoo Finance's Emily McCormick joins Akiko Fujita.