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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 its increasing cash requirements.

The Tesla Model 3’s production problems and decreasing Model S and Model X sales are two other important challenges that could lead the manufacturer to bankruptcy, according to Bob Lutz.

Lutz is not the only one with a bleak outlook on the future of Tesla. Several analysts have recently questioned the manufacturer’s strategy to introduce a semi-trailer truck and an exotic roadster as it struggles to produce the Model 3, by far its most important model.

In addition, Tesla presented at the beginning of the month the worst quarterly financial losses in its history, and saw the value of its shares fall by nearly 18% over the past two months.

That being said, Tesla is no stranger to these kinds of challenges and its popularity with consumers has never been higher. It’s therefore quite hard at this point to count out Tesla and its founder Elon Musk.

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