Bob Lutz compares Tesla to socialism after GM took $11B from taxpayers under his reign

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#1

Pinewold

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#2
Bob represents everything that was wrong with old Detroit. He does not know the high road and he would not take the high road if you showed it to him. He is loyal to GM and all his comments can safely be taken in that context. The hardest concept for the big three to master is a world view. It is especially ironic considering they sell cars all over the world.
 

garsh

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#3
This statement from the article sums it up. People trying to analyze Tesla as a business need to at least understand that their end goal is to become a mass-market auto manufacturer. Sure, they could have stopped at the Model S and Model X, reined in spending, and become a profitable maker of niche automobiles like Ferrari. But they've set their sites much, much higher.

It may still end up that they never become profitable, and ultimately fail, but when someone does an analysis without even recognizing that they're investing to become a dominant player in the market, it destroys the analysts' credibility on the subject.
It’s based on his lack of ability to understand a young automaker heavily investing in future production capacity, which is understandable since such a company literally hasn’t existed in a century and he worked his whole career for established automakers, but it shows a lack of foresight.
 

Curtish8892

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#5
Lutz and all the other OEM CEOs have been working in an environment of an established industry. I do not think they really know how to become a major auto manufacture from a start up in this current time.

Even when you look at Apple, they were in the market before it became an established industry.

I think if Tesla stays small and makes a profit, they would be bought out by on of the major OEM. That would be the end of electric cars for another 30 years.

Just my two cents.
 

Topher

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#6
I am not sure why anyone is giving Bob Putz ink. Must be getting very well paid.