Volkswagen (VWAGY) stock struggles amidst challenges in EV transition and tough market conditions. The stock has declined by 18% in the last 12 months, while competitors GM and Toyota have shown positive growth. VW's pivot towards EVs is slow to pay off, with China operations facing challenges amid weaker consumer sentiment and competition from new EV manufacturers. The company's thin margins and underperformance compared to S&P 500 indicate a tough road ahead. However, with a low valuation and focus on EVs, VW shows potential for a recovery.