Advertisement
Share

Rare-car collectors should buy a Tesla Model S ‘while they’re still available,’ Bob Lutz says

Bob Lutz at his home near Detroit.
(Russ Mitchell / Los Angeles Times)

Auto industry veteran Bob Lutz, 85, is recommending the Tesla Model S to collectors of rare automobiles.

Lutz, high on the Model S but down on Tesla as a company, told an audience of vintage-car collectors in Scottsdale, Ariz., Thursday that they should consider buying a Model S “while they’re still available.”

With a storied career that spanned BMW, Ford, Chrysler and General Motors, Lutz has always been blunt and outspoken, separating himself from the marketing-speak that pervades the auto industry.

Known in the industry as a “car guy,” he’s a lover of the Model S luxury electric sedan.

Advertisement

×

“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,” he said at a forum sponsored by collector-car insurance company Hagerty. “The acceleration times will beat any $350,000 European exotic.”

But, he said, Tesla chief executive Elon Musk “hasn’t figured out the revenues have to be greater than costs … when you are perennially running out of cash you are just not running a good automobile company.”

“I don’t see anything on the horizon that’s going to fix that, so those of you who are interested in collector cars may I suggest buying a Tesla Model S while they’re still available.”

Advertisement

Afterward, he told The Times that he is “semi-serious” about his suggestion. “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.’”

Plenty of Tesla stock investors differ. Tesla stock closed Friday up 1.58% to $350.02, with a market value of $58.7 billion.

russ.mitchell@latimes.com

Twitter: @russ1mitchell

Advertisement


Advertisement