Automotive expert Bob Lutz suggests buying a Tesla before it goes out of business

Automotive expert Bob Lutz suggests buying a Tesla before it goes out of business

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Tesla might sell more all-electric vehicles than any other car manufacturer in the U.S., but automotive industry veteran Bob Lutz warns the company could soon go broke. 

The 85-year old Lutz’s candid thoughts were reported last week by The Los Angeles Times as the former Vice Chairman of General Motors spoke to a group of vintage car collectors. 

In Lutz’s view, Tesla’s vehicles — like its high-speed Model S sedan — could soon become valuable collector’s items when Tesla’s business model fails. Lutz apparently believes Tesla “hasn’t figured out the revenues have to be greater than costs … when you are perennially running out of cash you are just not running a good automobile company.” Read more…

More about Tesla, Tesla Model 3, Tesla Motors, Model 3, and Tesla Model S


Source: Mashable | Automotive expert Bob Lutz suggests buying a Tesla before it goes out of business

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