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 ...
“2017 Q1 was 207. “
That’s wrong, even though I was talking about the last four quarters.
“PALO ALTO, CA — (Marketwired) — 04/02/17 — Tesla (NASDAQ: TSLA) delivered just over 25,000 vehicles in Q1, of which approx 13,450 were Model S and approx 11,550 were Model X.”
That is all vehicles. We are discussing the Model 3.
Wrong again, re-read the links in post 56.
“Q3 production totaled 25,336 vehicles, with 260 of them being Model 3.”
I was always discussing all vehicles. That is total production.
I replied to your post 10 where you said;
“But they are already above the 150k/y rate...”
At 143k total production and rising for the last four quarters 150k/yr is close.
I wasn’t trying to argue.
“At 143k total production and rising for the last four quarters 150k/yr is close.”
LOL! ‘and rising’!
Last quarter gives them a rate of over 200k per year and RISING!
Sort of like saying that Ford is losing on the GT500 sales since their sales for the last two years are ZERO.
ZERO because they weren’t producing it.
“I replied to your post 10 where you said;”
Your #10 explicitly cited the paragraph that discussed Model 3 production.
Post 10 wasn’t mine, it was yours.
What’s your problem?
I know people who own Tesla S models... 2013 or 2014 vintage... and they sure aren’t down on them, they absolutely love them. And as you might guess they have owned some expensive and high performance cars in the past. Just don’t get into a wreck because there are a few repair shops handling them and the wait for parts can be longer than you imagine.
Their consensus on the Model 3 is that you should only buy it with the extra battery pack.. I guess that’s the 50k version... other than that they think it compares favorably with the pricier S Model.
The first guy I know who bought a Tesla S used to drive Porsche 911s.. he said his Tesla is the fastest damn car he’s ever owned, it will pin you to the seats.
“Taxis are limited in my town to 2000.”
What other private businesses would you have the state limit in number by law? Package delivery services? (They use the roads also). Mobile car wash vans? Ditto. Wrecker/tow truck services? Private trash haulers? It has been my longstanding observation that in every case where the government hands out licenses to restrict competition, price to the consumer goes up and quality of service goes down. And the process of acquiring and retaining a license becomes corrupt, with politicians and bureaucrats lining their pockets with bribes from incumbent and new-entrant firms.
I am not sure what other vehicles I’d want limited. Perhaps none? Do you think that works?
In any event, if Uber Lyft isn’t limited I don’t think taxis should be either. I can not understand how this double standard in our laws continues.
It was always destined that the mainstream auto manufacturers would “Preston Tucker” Tesla before it could threaten their market dominance. Tesla’s distribution plan is idiotic and the power plant is far easier to get right than build quality is. The mainstream manufacturers already had a proven effective sales and distribution system, and they can build a power plant as good as Tesla’s long before Tesla can match their build quality.
It never stood as chance.
“In any event, if Uber Lyft isn’t limited I don’t think taxis should be either. I can not understand how this double standard in our laws continues.”
I agree that taxis shouldn’t be limited. It’s an uncompetitive restraint on trade, and definitely a double standard in your city. Unfortunately, the standard political response is to limit the competition (Uber and Lyft) rather than remove restrictions on regular taxis.
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