Bob Lutz: “Tesla going out of business”

A new report has surfaced regarding the pioneering electric car maker, Tesla, that it could be going out of business. 

According to CNBC, former vice chairman of General Motors (GM) Bob Lutz, stated that the revolutionary electric car maker company Tesla Motors, is going out of business. He said this after the unveiling of the new Tesla Semi Truck and the all-new Roadster.

Lutz claimed that the unveiling of the two new automobiles were merely a “distraction” from the major problem that has landed on Tesla’s plate.

As quoted by Lutz himself, he stated “The company, folks, is going out of business. At this rate they’ll never get to 2019.”

According to Lutz, the Tesla brand doesn’t have any big advantage to differentiate themselves from other car manufacturers.

Their battery for instance, is pretty much the same lithium-ion pack which can be found in other mainstream rivals.

In fact, Lutz even thinks that GM has an advantage when it comes to battery packs. He added that GM’s batteries are more capable and also cheaper to use.

When Tesla unveiled the new Semi Truck and the surprise entrance Roadster, a large truck company called J.B. Hunt Transport Services stated that they have already reserved “multiple” units of the new Semi. Walmart also stated that they were going to test the trucks.

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Lutz believed that the event which took place last week was merely a distraction that shadowed the biggest problem, and that was Tesla’s financial issues.

Of course, it is worth saying that Bob Lutz has always been a skeptic of Tesla and his comments are meant to stir away the attention from the company’s problems. The biggest yet, is the handovers of the Model 3. Only time will tell how Tesla can and will handle the situation.

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