Technology

General Motors’ former executive calls Tesla a “losing enterprise”

The former General Motors’ executive Bob Lutz has criticized Tesla, the famed electric-car manufacturer saying that it’s a”losing enterprise” that’s “going out of business.” This comes right one day after the unveiling of Tesla’s brand new Roadster and a semi-truck.

In a recent interview on given on CNBC, Lutz claimed that Tesla is going out of business and there’s nothing innovative in Tesla’s products that can’t be easily duplicated by other automobile companies.

Tesla’s new semi-truck is something out of the box, while the Roadster, its new sports car is supposed to be the fastest vehicles to date. Both vehicles are expected to be equipped with Tesla’s most powerful batteries to date. The Semi boasts 500 miles of range on one charge and can recharge up to 400 miles in 30 minutes, as claimed by Tesla’s CEO Elon Musk.
The new Tesla Roadster would have a 200 kWh battery with a 620-mile range.

It appears that Lutz is not impressed at all as he says,

“There’s no secret sauce in Tesla. They use the same lithium-ion batteries as everyone else.”

Luts believes that General Motors might even get advantage from this announcement as their batteries are arguably more capable and lower cost. The unveiling was a way to deflect from the company’s financial troubles and production issues which resulted in the firing of 400 employees last month.

Tesla has long been criticized due to fake claims of Elon Musk regarding autonomous tech and self-driving vehicles. A few months back, Uber’s self-driving head wanted to “call Elon Musk out on his s**t” over Tesla claims of self-driving tech.

Sponsored
Sajeel Syed

I am a writer at TechJuice, overseeing IT, Telecom, Cryptocurrency, and other tech-related features here. When I'm not working, I spend some of my time with good old Xbox 360 and the rest in social activism. Follow me on Twitter: https://twitter.com/sajeelshamsi

Leave a Comment
Share
Published by
Sajeel Syed

Recent Posts

Google Play Services Bug Disrupts Access to Apps for Pixel Users: Here’s How to Fix It

A significant issue with Google Play Services has left many Pixel users unable to access…

2 mins ago

WhatsApp Beta Partners with Google for Innovative Image Search Feature

When it comes to Android messaging apps, WhatsApp stands out as one of the best.…

40 mins ago

Farrukh Sabzwari Appointed as CEO of PSX, Set to Serve for Three Years

Farrukh H. Sabzwari has been appointed Chief Executive Officer (CEO) of Pakistan Stock Exchange Company…

1 hour ago

250 Government Schools to Be Run by Private Sector

RAWALPINDI: The chairman of the Punjab Education Foundation, Malik Shoaib Awan, stated on Monday that…

3 hours ago

Pakistan Launches First National Sex Offenders Register to Combat Sexual Violence

Pakistan has taken a significant step towards addressing sexual violence and abuse with the introduction…

3 hours ago

SBP Chief Reports October Remittances Exceed $3 Billion

KARACHI: The State Bank of Pakistan (SBP) is anticipating $500 million from the Asian Development…

3 hours ago