Volkswagen says report of interest in investing in Tesla is 'completely unfounded'

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Volkswagen says report of interest in investing in Tesla is 'completely unfounded'
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Stocks traded higher for a second straight day on hopes the Federal Reserve chief will confirm expectations of easier monetary policy at a central banking summit this week.

"It's completely unfounded. It's pure speculation," Volkswagen spokesman Pietro Zollino said of a report in German magazine Manager Magazin that said VW CEO Herbert Diess was eyeing Tesla.

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