In a statement, Volkswagen’s Chief Executive Herbert Diess made it clear that it has currently no plans to develop deeper ties with U.S. rival Tesla Inc.

The move is aimed at ending speculation that the world’s largest carmaker, which is on a drive to push for mass production of electric cars, has plans to tie-up with Tesla.

Speculation on a tie-up increased following a meet-up with Tesla’s Chief Executive Elon Musk with Diess in Braunschweig, Germany, last week, during which he let drive VW’s new ID.3 electric car.

“Just to be clear: We just drove the ID.3 and had a chat – there is no deal/cooperation in the making,” said Diess in a post on Linkedin.

“Thanks for the visit, Elon! Hope you like the video. It was great driving the ID.3 with you! You were just quite critical with the available torque at higher speed. I told you: “Yes, we are on the runway – but no need for take off – its not a sports car.”