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Bob Lutz Thinks Tesla is Doomed

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: 3, Interesting) by Runaway1956 on Friday October 30 2015, @05:07PM

    by Runaway1956 (2926) Subscriber Badge on Friday October 30 2015, @05:07PM (#256547) Journal

    Not exactly - but I've known people to pay a little more to support a home town dealership, rather than the mega-dealership at the state capital. I've also known people to avoid dealerships because they were treated shabbily. The dealer can and does make a difference in a lot of sales.

    I've not bought a new car in years, I buy program vehicles, or fairly new used cars. I've been treated poorly at some dealerships. I've also found that some dealerships are less honest than others. I have a dealer that I keep returning to, because he has always give me good deals, he treats me well and respectfully, and he also makes good conversation. Not to mention, he almost always has a pot of fresh coffee ready for customers.

    --
    “Take me to the Brig. I want to see the “real Marines”. – Major General Chesty Puller, USMC
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  • (Score: 2) by Phoenix666 on Friday October 30 2015, @05:17PM

    by Phoenix666 (552) on Friday October 30 2015, @05:17PM (#256551) Journal

    Me, I would rather never walk into or deal with another dealership in my life. As such, I'm delaying any purchase of a new car until Tesla comes out with the Model 3. Never looking back after that.

    --
    Washington DC delenda est.