Actionable news
All posts from Actionable news
Actionable news in MBLY: MOBILEYE N.V.,

Ex-GM vice chair blasts Tesla, saying supporters 'like members of a religious cult'

It's safe to say Bob Lutz, who spent nearly 50 years working at established automakers, does not think much of Tesla and its co-founder Elon Musk.

The former General Motors vice chairman took Tesla to task in a CNBC interview Wednesday. Over the years, Lutz also held executive positions at Ford, Chrysler and BMW.

"Tesla supporters are like members of a religious cult," he said. "Just like Steve Jobs was worshiped at Apple, it's the same way with Elon Musk ... seen as a new visionary god who promises this phantasmagorical future, a utopia of profitability and volume."

But Lutz contended there's a big difference. "Steve Jobs delivered and Elon ... hasn't...