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
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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
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

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Comments

GTRTURTLE 🔰 🐢(Oo \ S K Y L I N E / oO) (Koen

Where can I place an order and when is the expected delivery date?

01/22/2018 - 16:34 |
12 | 3

Delivery will take place in about fifty years or so…

01/22/2018 - 17:30 |
12 | 0
Anonymous

The only choice for GM is to merge with Tesla. Because if Tesla does survive ,,, GM won’t

01/22/2018 - 16:36 |
6 | 5
Anonymous

In reply to by Anonymous (not verified)

didn’t GM build the first production EV ? i think they wil be fine. every auto maker knows that if they dont build EV’s they are done so GM is fine i think

01/22/2018 - 16:42 |
15 | 0
Rahul 1

In reply to by Anonymous (not verified)

The Bolt is a cash cow to chevrolet…They’re profitting big time…

01/22/2018 - 16:44 |
11 | 0
Jakob

In reply to by Anonymous (not verified)

No, GM will survive. Everytime they go bankrupt, they will be bailed out from taxpayer’s money anyways.

01/22/2018 - 17:51 |
8 | 0
Olivier (CT's grammar commie)

In reply to by Anonymous (not verified)

Lol nope, Tesla is nothing compared to GM in terms of size; plus Chevy actually sells a decent electric car, which they actually have the means to build.

01/22/2018 - 18:23 |
4 | 0
V-Tech and EcoBoost kicked in yo

In reply to by Anonymous (not verified)

One company is making record profits and the other is hemorrhaging millions per month. Guess which one is which.

01/23/2018 - 04:54 |
0 | 0
Ali Mahfooz

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

I bet to differ… but isn’t everything on the share market overpriced?

01/22/2018 - 16:54 |
21 | 1
Olivier (CT's grammar commie)

In reply to by Ali Mahfooz

*beg

01/22/2018 - 18:18 |
8 | 2

Yea but the Tesla bubble will burst eventually.
Investors and debt collectors and banks are gonna want their money back, and musk can’t give them a dream to fill their wallets

01/23/2018 - 03:20 |
3 | 0
Anonymous

Person: “Tesla will die soon”
Tesla:

01/22/2018 - 16:56 |
107 | 3
Rahul 1

In reply to by Anonymous (not verified)

[DELETED]

01/22/2018 - 17:01 |
1 | 1
Olivier (CT's grammar commie)

In reply to by Anonymous (not verified)

Tesla:

01/22/2018 - 21:43 |
29 | 0
Rahul 1

[DELETED]

01/22/2018 - 17:03 |
0 | 0
Anonymous

“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” Since when did the Model S handle and brake properly? It couldn’t even beat a Charger Hellcat around the Motor Trend figure of eight.

However, in the future, these will be somewhat collectible due to their rarity, because based on Tesla’s reliability and build quality, I can’t see many surviving.

01/22/2018 - 17:25 |
48 | 4
TheMindGarage

In reply to by Anonymous (not verified)

While the Charger is heavy, the Tesla is something like 400kg more than it!

01/22/2018 - 17:30 |
12 | 0
Ken.

In reply to by Anonymous (not verified)

They’re not rare at all! I see at least 150 in a day

01/27/2018 - 16:28 |
0 | 0
Anonymous

What a joke. No one will want to collect an ugly overweight pig of a paper weight that doesn’t function anymore. And as for tesla motors going bankrupt and closing down, i dont think they’ll disappear considering the amount of infrastructure investments being made. If anything someone will buy them out.

01/22/2018 - 17:56 |
6 | 2
Anonymous

In reply to by Anonymous (not verified)

When somebody buys them out they won’t be Tesla though, they’ll have the Tesla name and maybe Tesla ideals but it’ll be a Tesla tweaked to make money

01/23/2018 - 03:25 |
0 | 0
Olivier (CT's grammar commie)

“The acceleration time will beat any $350,000 European exotic”

I hate it when people keep comparing electric vehicles to vehicles with ICE. Of course it accelerates, it’s got an electric engine. Torque is available immediately. Even a Traxxas XO-1, which is a $1k hobby-grade RC car, will beat a sports car in terms of initial acceleration. Because it’s an electric RC car.

Plus, it may beat $350k European exotics in acceleration, but it gets beaten by a $100k V8-powered ICE boat. And it won’t handle like a $350k European exotic.

01/22/2018 - 18:28 |
42 | 1

Finally someone with common sense

01/22/2018 - 23:00 |
15 | 1

But you just compared ICE to EV in terms of handling yourself ??
Cars are cars, of course they’ll be compared to each other. Get over it

01/23/2018 - 00:34 |
2 | 1

You’ll have to stop and charge it longer than that 350k exotic too.

Not to mention every time you charge that battery it’ll loose a little power, and then Tesla may just be like apple and level out that battery decline by shutting off unnecessary systems

01/23/2018 - 03:23 |
0 | 0
Anonymous

An old man trying to be relevant in a industry that is leaving him in the dust. Unless the other auto makers pivot faster Tesla may well own the market.

01/22/2018 - 19:18 |
0 | 1
CS55

[DELETED]

01/22/2018 - 21:04 |
1 | 1
Olivier (CT's grammar commie)

In reply to by CS55

Lol, the Charger Hellcat handles better than the Model S, and that thing is a boat and not even close to be a reference in terms of handling (coming from a Mopar enthusiast), so, not so sure about “beats other cars of its class around a track”.

01/22/2018 - 21:46 |
3 | 1
Anonymous

In reply to by CS55

Question:
Are you driving around your neighbourhood 24/7 non-stop or do you actually go to sleep at night?

01/23/2018 - 04:30 |
0 | 2
Bob Lutz Reckons Collectors Should Buy A Tesla Model S While They Still Can
Truminotic

In reply to by CS55

You know that electric.cars cant really go on a track due to overheating, dont you?

01/23/2018 - 07:17 |
0 | 0