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posted by martyb on Friday October 30 2015, @03:25PM   Printer-friendly
from the taking-stock dept.

Bob Lutz, car-guy-to-the-max, former VP of GM and Chrysler, with time at BMW before that, wrote this recent article --
    http://www.roadandtrack.com/car-culture/a26859/bob-lutz-tesla/

The opening paragraph is gloomy:

Tesla's showing all the signs of a company in trouble: bleeding cash, securitized assets, and mounting inventory. It's the trifecta of doom for any automaker, and anyone paying attention probably saw this coming a mile away. Like most big puzzles, the company's woes don't have just one source.

and the prognosis goes downhill from there mentioning competition from Audi, the lack of enough dealers to attract more buyers and other problems.


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  • (Score: 2) by BasilBrush on Friday October 30 2015, @05:24PM

    by BasilBrush (3994) on Friday October 30 2015, @05:24PM (#256556)

    I buy used cars, and purely because I hate the idea of both dealerships and haggling with a private trade, I always buy them at auction.

    The fact that it's cheaper that way is a side benefit.

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