Volkswagen AG
Thesis
Volkswagen has successfully moved on from the Dieselgate scandal with new management that has improved expectations and positioned the company as a leader in the EV space, making it a compelling investment.
Did it work?
inconclusive
confidence: low
No price performance or elapsed-time data is available, so the verdict must rest on whether the thesis events occurred, and the evidence is mixed. Volkswagen did reposition itself around EVs and largely moved past Dieselgate operationally, but its claimed EV leadership was contested by Tesla and Chinese competitors, and management upheaval (e.g., the later CEO change) complicates the 'improved expectations' narrative. Without price data or a clear timeline to confirm or break the thesis, no decisive judgement is possible.