Volkswagen is pushing on with plans to launch an IPO for its Porsche brand. VW is targeting 70-75B euros for the brand valuation, which is below investor estimates of up to 85B euros.
Announcing the target value and late Sept/early Oct timeline for the IPO's launch bumped VW's stake value 3%.
TL; DR - Tesla says their Chinese sales are aok, and you should mind your business. Carvana should mind its business, but, like, in a ‘get things in order’ kinda way, and the used car business is seeing an influx of exotic cars as Crypto investors face a time “between prosperity.”