Posted on 09/19/2018 1:30:16 PM PDT by Hojczyk
Former General Motors Vice Chairman Bob Lutz discussed Elon Musk’s Tesla in a recent interview stating that the company is “headed for the graveyard.”
In a recent interview with CNBC the former Vice Chairman of General Motors, Bob Lutz, does not have high hopes for the future of Elon Musk’s electric-car manufacturer Tesla. According to Lutz, Tesla is “headed for the graveyard,” given the recent announcement that both the company and Musk are being investigated by the DOJ and the SEC.
“They will never make money on the Model 3 because the cost is way too high,” Lutz said during the interview this week. “He’s got 9,000 people in that assembly plant producing less than 150,000 cars per year,” he said, referring to Elon Musk. “The whole thing just doesn’t compute.”
Lutz further joked that a movie about the company could be in the works within the next few years: “The jaws are tightening and I think in another year or two we’ll see a movie called ‘Who Killed Tesla,’ a conspiracy movie starring Leonardo DiCaprio,” Lutz stated.
(Excerpt) Read more at breitbart.com ...
Tesla isn’t headed for the graveyard. They’ll just eventually merge with Toyota and within ten years, the Tesla factory in Fremont, CA will be assembling Toyota-branded electric cars.
If you’re talking about not using fossil fuels, what do you think is used to generate the vast majority of the power needed to charge your EV? It’s the end-to-end energy chain and efficiency that count.
... they are doing around 250,000 yearly now and want to increase....I’m more interested in the $35k model which isn’t being produced yet.
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Sure they’ve ramped production ... they lose money on every car.. How are they going to “make it up?” Volume? that only hurts them... They will have to make the severely money losing base model 3 soon because they’re almost finished building the upscale #3’s they had orders for...
Lutz is right .. and who knows failure when he see’s it better than Lutz?
I know Freepers love to hate
And they really love to hate Elon Musk
But I watched the Joe Rogan show with Musk in entirety recently including drinking some whiskey I’d never seen before and smoking some ganj
Rogan was a little milquetoast honestly but I found Musk fascinating
He’s very cool dude and has sharp insight
Granted he’s lived off subsidies but not question he’s visionary.....and he’s idiosyncratic like with the flamethrower....that was so funny
I was impressed with him to be honest
And his taste in women is top shelf.
I like him
Ok come and get me y’all
That Volt was more subsidized than Tesla per car sold
How much is Volkswagen new electric car subsidized if any
“I will take a real car, like the 720hp 2020 Shelby GT500.”
Just don’t put up the pink-slip!
It took an 840 hp drag set-up Demon to barely eke out a win over a stock Tesla.
Production for the last four quarters was 143K.
“Production for the last four quarters was 143K.”
You are living in the past ...
“Production for the last four quarters was 143K.”
Two years ago it was zero.
Tesla’s are so overpriced. Paying all that $$ just for a big ‘luxury’ golf cart battery that can only last about 10 years.
Good investment. I have a 77 f150 I love and a fusion.
Add them up;
Q2 2018 was a 51% increase over Q1 2018.
At that rate they will be producing a zillion cars in a year or two!
Can you say, Delorean?”
I knew you could.
5.56mm
I have a 1992 Conv Vet and 1992 Coupe Vet. They both are maintenance headaches. Expensive Parts and poor access. Poor resale value. A GM low volume Kit Car.
Damn Russians stole my quotation mark.
Hey Putin, bite me.
5.56mm
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