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Former GM Exec Bob Lutz: Tesla Is ‘Headed for the Graveyard’
Breitbart ^ | September 19,2018 | Lucas Nolan

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 ...


TOPICS: Business/Economy
KEYWORDS: automakers; elonmusk; musk; tesla; trends
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1 posted on 09/19/2018 1:30:16 PM PDT by Hojczyk
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To: Hojczyk

Will we get our billions back....no way...it has been passed out to the Obama club..

Same with solar energy and ethanol fuel..

Were suckers..

Maybe suckers no longer...depending on the election???


2 posted on 09/19/2018 1:32:43 PM PDT by Hojczyk
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To: Hojczyk

Tesla’s going far. There’s one orbiting in the solar system now.


3 posted on 09/19/2018 1:33:04 PM PDT by Vaquero (Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
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To: Hojczyk

Right next to DeLorean.


4 posted on 09/19/2018 1:33:57 PM PDT by OKSooner
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To: Hojczyk

Twisted Sister gets a Tesla.

https://vimeo.com/231606620


5 posted on 09/19/2018 1:34:22 PM PDT by conservative98
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To: Vaquero

One day, an alien spaceship will find that thing and say, “WTH?”....................


6 posted on 09/19/2018 1:34:24 PM PDT by Red Badger (Q..........................Future Proves Past..............WWG1WGA.....................)
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To: Hojczyk

Back to the Future 4


7 posted on 09/19/2018 1:34:29 PM PDT by butlerweave
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To: Hojczyk

Well, he might be right, but you know Bob...Musk doesn’t have to discount his cars 20-30% just to get them out the door like you did

Maybe your GM calculus isn’t quite adequate for this case


8 posted on 09/19/2018 1:34:52 PM PDT by Regulator (Rhymes With Putz)
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To: Hojczyk

Similar to Uber and Lyft, alive due to massive subsidy by venture capitalists. Tesla is alive die to massive subsidy of our tax dollars.

Uber and Lyft at least they are throwing their money away voluntarily. Bit they are destroying legit unsubsidized business (taxis).


9 posted on 09/19/2018 1:35:32 PM PDT by Persevero (Democrats haven't been this nutty since we freed their slaves.)
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To: Hojczyk

““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.”

But they are already above the 150k/y rate...


10 posted on 09/19/2018 1:36:34 PM PDT by TexasGator (Z1)
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To: Hojczyk

Lutz’s analysis may be right on the money.

But it does beg the question, if GM knows so much about building vehicles profitably, why did the government have to bail them out?


11 posted on 09/19/2018 1:37:18 PM PDT by chrisser
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To: TexasGator

“But they are already above the 150k/y rate”

Correct, they are doing around 250,000 yearly now and want to increase.

People are too down on Tesla. I’m thinking about a Tesla. Right now, the Model 3 is only selling the $50k+ models. I’m more interested in the $35k model which isn’t being produced yet.

Tesla is 100% made in the USA with a majority USA produced content.


12 posted on 09/19/2018 1:39:52 PM PDT by SpeedyInTexas
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To: chrisser

The government is stupid...


13 posted on 09/19/2018 1:40:44 PM PDT by Hojczyk
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To: OKSooner

Does anyone recall how Preston Tucker was taken down?

Or Howard Hughes and his “Spruce Goose”?

HEAVY oppression from both the legal aspects of their financing, and legislators who got involved in the general hounding out of the entrepreneurs who dared to step out of the bounds of their position in society.


14 posted on 09/19/2018 1:42:32 PM PDT by alloysteel (If you can't dazzle them with brilliance, bury them in bull feathers.)
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To: conservative98

Change the gold wheels to black, and it would be a winner.


15 posted on 09/19/2018 1:42:53 PM PDT by SpeedyInTexas
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To: Red Badger

“One day, an alien spaceship will find that thing and say, “WTH?”....................”

WTH??? They haven’t figured out the combustion engine yet? Primitive civilization.


16 posted on 09/19/2018 1:46:13 PM PDT by EQAndyBuzz (Proud member of the DWN party. (Deplorable Wing Nut))
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To: Hojczyk

Will we get our billions back? What do you mean, from GM or Tesla? You do know that both of them have been massively subsidized... right?


17 posted on 09/19/2018 1:46:29 PM PDT by DesertRhino (Dog is man's best friend, and moslems hate dogs. Add that up. ....)
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To: EQAndyBuzz

They will say, “WTH? Why is there an internal combustion engine vehicle way out here in the middle of nowhere space?”..................


18 posted on 09/19/2018 1:47:36 PM PDT by Red Badger (Q..........................Future Proves Past..............WWG1WGA.....................)
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To: Vaquero
"Tesla’s going far. There’s one orbiting in the solar system now."

It has had its left turn signal going since it left the factory.

19 posted on 09/19/2018 1:48:23 PM PDT by outofsalt (If history teaches us anything, it's that history rarely teaches us anything.)
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To: SpeedyInTexas

https://www.tesla.com/findus?v=2&bounds=53.85386776649043%2C-53.652795215144806%2C3.3402238183918707%2C-143.6527952151448&zoom=4&filters=service&search=Dallas%2C%20TX%2C%20USA


20 posted on 09/19/2018 1:48:30 PM PDT by TexasGator (Z1)
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