Jump to content


SEARCH

0

Bob Lutz tells those who want a Tesla to buy soon

By Faiming_low on 25 Jan 2018 in Other News

Attached Image Bob Lutz, former Vice Chairman of General Motors, has claimed that Tesla would be going out of business soon and urges those who want a Model S to buy as soon as possible.

According to an article by the Los Angeles Times, Lutz said in front of an audience full of vintage-car collectors in Scottsdale, Arizona: purchase a Model S “while they’re still available.”

For those who are wondering, Lutz is said to be a huge fan of the Model S but believes that the Tesla’s CEO “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.”

The electric vehicle company was reported last year to be going through nearly S$626k every hour which might be a tad high for a relatively new company.

tesla, general motors, model s

Viewed: 3,827 times

Related Blog Posts
Faiming_low
Written by Faiming_low
Since young, Fai Ming has always centered his life around cars. In fact his first word was 'car' and not 'mum' or 'dad'. Aren't kids cute?



 
Car Makes

Please select a car make

Facebook Likes
   Featured Blog Post
Photo
A souped-up version of the OPPO Find X has been launched recently. With a Lamborghini badge on th...
POPULAR BLOG POSTS
Photo
Toyota has officially confirmed that the upcoming Supra that's been co-developed with BMW wil...
Photo
Bulgarian tuning house rolls out a BMW Stormtrooper M6 complete with a 500hp V10 engine in stunni...
Photo
Volkswagen has revealed that its ‘R’ brand performance models will soon become more wild and less...
Photo
Following Audi, BMW and Mercedes, Hyundai is said to be giving its i30 a new sport package to fil...
Photo
A rare Lexus LFA has crashed in Singapore last week and with less than 10 units on our shores and...
   Lifestyle Articles
   Tags