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: 3,874 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
The new Mercedes-AMG A 35 will sit below the A 45 in the A-Class line-up, rivalling the Audi S3 a...
POPULAR BLOG POSTS
Photo
Dyson has recently filed to trademark the use of the 'Digital Motor' name in Europe for b...
Photo
A favourite with the BMW fans and enthusiasts, the BMW 1 M has a reputation of being quite a hand...
Photo
Three photos of the all-new production-spec BMW Z4 have leaked online, revealing that the car lo...
Photo
The good old handbrake lever is on the breach of extinction, leaving us with the electronic handb...
Photo
Our car guys spot the coolest cars on the movie trailer of Crazy Rich Asians....
   Lifestyle Articles