Tesla is 'going out of business,' says former GM exec Bob Lutz

[McFurd]

CNBC - 11/17/2017 - Michelle Fox - Tesla is a "losing enterprise" that won't last, Bob Lutz, former vice chairman of General Motors, told CNBC on Friday. "The company, folks, is going out of business. At this rate they'll never get to 2019," the well-known Tesla skeptic said in an interview with "Power Lunch." Among the issues facing the electric-car maker are fixed costs that are out of control, an inefficient manufacturing operation and no dealership network, Lutz said. Read more @ https://www.cnbc.com/2017/11/17/tesla-i ... -lutz.html