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Bob Lutz tells those who want a Tesla to buy soon

Bob Lutz tells those who want a Tesla to buy soon

chitchatboy

Entry posted by chitchatboy ·

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blogentry-133713-0-99153700-1516793425_thumb.jpgBob 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.


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