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Former GM Product Czar: Tesla a "Fringe Brand"

cartechboy writes There’s been plenty of skepticism when it comes to Tesla. The Silicon Valley startup unveiled an all-electric car that stunned the world and had many other automakers rolling their eyes. Fast forward to 2014 and Tesla’s preparing to launch its third model, the Model X. Production of the Model S sedan is humming along, and this new automaker continues to make headlines multiple times a week. Industry veteran Bob Lutz was the champion behind the Chevrolet Volt, and has been quite vocal about Tesla from the beginning. So what’s his view on the company now? He said Tesla will remain a “fringe brand” until it launches its next generation of vehicles and the smaller, less expensive Model 3. Speaking Wednesday on CNBC’s “Squawk Alley” finance show he said that Tesla’s stock price was “kinda high” at the moment.



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