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CAR NEWS: Tesla nearing bankruptcy according to Bob Lutz

Less than 24 hours after Tesla once again grabbed the world’s attention with the unveiling of the awesome Roadster and its semi-trailer electric truck, GM’s former vice president Bob Lutz threw some shade on the groundbreaking automaker. “The company, folks, is going out of business. At this rate they’ll never get to 2019”, Lutz said in an interview with CNBC. According to Lutz, Tesla will soon have to raise more capital in order to support ...

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