Bob Lutz Reckons Collectors Should Buy A Tesla Model S While They Still Can

The former General Motors exec has suggested that the Model S has collector potential, given the current issues Tesla is facing

Matt Robinson

22 Jan 2018

From the sounds of it, Bob Lutz - whose lengthy career took in stints at BMW, Ford, Chrysler and General Motors - rather likes the Tesla Model S.

“A Model S, especially with the performance upgrades, is one of the fastest, best handling, best braking sedans that you could buy in the world today…The acceleration times will beat any $350,000 European exotic,” he told a recent forum for car collectors in Arizona. What he went on to say about Tesla as a company wasn’t quite as complimentary.

He mentioned the firm’s heavy losses and the ‘production hell’ issues that have blighted the Model 3, and expressed doubt about the Californian company’s future. In fact, he even went as far as saying, “Those of you who are interested in collector cars, may I suggest buying a Tesla Model S while they’re still available.”

Tesla has been plagued by production bottle necks for the Model 3

Speaking to the LA Times following the event, Lutz said that his suggestion was “semi-serious.”

“Twenty-five years from now, [the Model S] will be remembered as the first really good-looking, fast electric car. People will say ‘Too bad they went broke,’” he added.

A gloomy prediction, but with the company’s market value currently sitting at nearly $60 billion, Tesla won’t be going anywhere just yet.

Source: LA Times

Growing up on a diet of World Rally Championship highlights and lengthy Gran Turismo 2 sessions, a life in cars was as good as inevitable for Matt.

Comments

Everytime Tesla gets into a bit of trouble, CTzens flock to their keyboards saying “oh, this one’s for real guys, Tesla is going down this time, I swear!” And what happens? Like every other time before, Tesla will make it out alive.

The definition of insanity is repeating the same action over and over again, expecting a different result. Are you insane, CTzens

Tesla is on its death throes, as soon its about to fall it tumbles forward and repeats,but there will be one time when they cant get up, i still wonder…what will hapen to the customers that cant get their teslas because they didnt make it into production?

BS.

Before anyone gets mad, think about it this way. Chevrolet (Not the most popular brand in the world) has a market value of $88.4 Billion dollars so $60 billion in market terms, is not a lot.