The Traderszone Network

Published in TZ Latest News 12 April, 2017 by The TZ Newswire Staff

Former GM Vice Chair Trashes Tesla: "Musk Is A Great Salesman But They’re Doomed. It’s Going To Fail"

For those who may have missed it, GM’s former Vice Chairman Bob Lutz dropped a whole lot of reality on some unsuspecting Tesla cheerleaders on CNBC this morning.  A rather blunt Lutz shared his views, as have we on several occasions, that Tesla’s constant cash burn combined with a barrage of competitive models that are about to hit the market likely indicate that the company is “doomed.”  As for Tesla’s gravity-defying stock price, Lutz attributed the company’s soaring market cap solely to Musk being the “greatest salesman in the world” along with his being

read more