Quote:
Originally Posted by aerohead
That number was shared by Bob Lutz,in his 'Go Lutz Yourself',which appears at the back of ROAD & TRACK Magazine.As a former head of GM,Mr. Lutz would be in a position to understand the viability of manufacturers.
...but industry people consider Tesla's long-term viability as quite dubious.
And it doesn't make me happy to say it.
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By industry people, you mean Bob Lutz says it. Bob Lutz who was removed from GM's leadership shortly after they went bankrupt and had to be bailed out, and who to this day is an AGW denier? Bob Lutz who loves only high-margin SUVs and other gassers?
Not who I would be going to for real industry advice.
I don't know what to tell you. I posted Tesla's gross margin, which is very high for the industry. But you're still going back to a failed executive -- who has a noted axe to grind about CAFE standards -- statement that Tesla is losing money on each car they sell.
Source for margins I posted:
http://www.fool.com/investing/genera...it-wanted.aspx