Tesla might sell more all-electric vehicles than any other car manufacturer in the U.S.,Massage Parlor Prostitutes but automotive industry veteran Bob Lutz warns the company could soon go broke.
The 85-year old Lutz's candid thoughts were reported last week by The Los Angeles Times asthe former Vice Chairman of General Motors spoke to a group of vintage car collectors.
SEE ALSO: BMW to challenge Tesla with super long-range electric SUVIn Lutz's view, Tesla's vehicles -- like its high-speed Model S sedan -- could soon become valuable collector's items when Tesla's business model fails. Lutz apparently believes Tesla "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.”
Accordingly, he suggested that collectors pick up a sleek Model S while they're still being produced inside Tesla's Northern California factory:
"I don’t see anything on the horizon that’s going to fix that, so those of you who are interested in collector cars may I suggest buying a Tesla Model S while they’re still available," Lutz said.
One critical factor that might fix Tesla's revenue problem (it reported a $619 million third-quarter loss in 2017), however, is the increased production and sales of its first affordable class vehicle, the Model 3. Tesla hopes to sell this vehicle at around $35,000, which will compete with Chevy's increasingly popular fully electric Chevy Bolt -- which outpaced the pricier Model S as the most sold all-electric vehicle in the U.S. in October 2017.
The Model 3 experienced well-publicized production woes in late 2017, with Telsa's often confident CEO Elon Musk admitting the company was mired in "production hell."
Lutz might be skeptical about Tesla's financial stability, but he still speaks highly of its vehicles, specifically the Model S:
"A Model S, especially with the performance upgrades, is one of the fastest, best handling, best braking sedans that you could buy in the world today. The acceleration times will beat any $350,000 European exotic."
But a Model S starts at $68,000, and most consumers don't care about speed -- they value reliability and reasonable costs. If Tesla wants to prove Lutz wrong, the company will almost certainly need to show robust Model 3 sales this year. Fortunately for Elon Musk, there are some 400,000 people on the waiting list -- including his own mother.
Topics Tesla
Waitin’ on the Student Debt Jubilee
Arizona’s Beautiful Commitment to Darkness
Google launches new tools to find and track shopping deals
Google launches new tools to find and track shopping deals
Skype is finally shutting down
Best deals of the day Nov. 3: Walmart+ subscriptions, Roombas, Amazon devices, computers, and more
Man eats 40 chickens in 40 consecutive days, goes viral
Mick Jagger Forgot That He Wrote a Memoir
Q&A with tendercare founder and CEO Shauna Sweeney
'Quordle' today: See each 'Quordle' answer and hints for November 7, 2023
Big-League Bluster
When “Macaroni” Meant “Sodomy”
Geronimo Takes Flight: A Beaver’s Adventure in the Sky
Staff Picks: Marianna Rothen, Olivier Assayas, Chimimanda Ngozi Adichie
This is the fattest of the extremely fat bears
This Might Be the Only Time Marcel Proust Appeared on Film
Google launches new tools to find and track shopping deals
'Quordle' today: See each 'Quordle' answer and hints for November 8, 2023
Astronomers saw one galaxy impale another. The damage was an eye
Waclaw Szpakowski Made Labyrinthine Drawings from Single, Continuous Lines
Twitter thread offers powerful context as kids are ripped from parentsGoogle Maps removes Uber feature for booking rides without leaving appMicrosoft reportedly building checkoutless shopping to rival Amazon GoiPhone 3GS is going back on sale in South Korea for roughly $40Not even Honey Smacks are safe from the salmonella outbreakSouth Korea and Sweden World Cup match preceded by subterfugeNintendo brings arcade version of 'Donkey Kong' to SwitchKim Kardashian and Alice Marie Johnson discuss future advocacy in first interview togetherOnly 'highElon Musk and Mayor Rahm Emanuel announce the Chicago 'Loop'Use of Facebook for news declines, while WhatsApp incrasesMoto G6 review: A sub $300 Android phone with a few quirksShut the f*ck up, Marco RubioReview: The Spigen Classic C1 case turns your iPhone X into an iMac G3Gotti has a 0% on Rotten Tomatoes and the reviews are pricelessIn 'Forsaken,' Bungie is taking care to put 'Destiny 2' fans first'The Kissing Booth' review: Netflix needs to do betterNintendo brings arcade version of 'Donkey Kong' to SwitchRefugee numbers at a 'record high' — here's how to fix thatMashTalk: The gig economy crash, with 'Gigged' author Sarah Kessler You can add Reactions to Facebook comments Idris Elba and Matthew McConaughey had an epic 'Dark Tower' Twitter exchange Google Doc phishing scam spreads like wildfire — here's how to spot it Stephen Colbert to reunite the 'Best f*ckin news team ever' on 'The Late Show' Little girl gets a new prosthetic leg and her friends react in the sweetest way Wait, what? In Windows 10 S, you'll be stuck with Microsoft Edge as default browser Microsoft's future phones might not even look like phones The 17 NBA teams participating in the 'NBA 2K' esports league Game of Thrones' Jaime Lannister is a good person, really. David Beckham's birthday dinner is a weird combo only his kids could come up with This quirky new t How to disable autoplay videos on Netflix 'Dota 2' tournament organizer issues apology after airing creepy video of women A WhatsApp group admin was arrested for sharing 'offensive' content Nissan's solution for texting and driving: A signal blocker for your phone Man's gluten Winona Ryder's SAG reaction faces are nominated for an award. Yes, really. No, Mark Zuckerberg isn’t running for office—his tour is much bigger than that I wouldn't want to be the person who's paid to do this for Johnny Depp 'North Korea VR' is an extraordinary glimpse of the world's most oppressive country
2.7028s , 10107.6953125 kb
Copyright © 2025 Powered by 【Massage Parlor Prostitutes】,Wisdom Convergence Information Network