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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

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