Former General Motors executive Bob Lutz, who has been far from kind about Tesla’s future, believes the time has come for current CEO Elon Musk to step down. Lutz gave his reasonings in a new interview with CNBC last Friday.
He said, “I can’t imagine any sound investor who has money in the company or any independent board member would want him to remain as CEO in light of recent performance.”
Musk recently spoke with the New York Times and explained his personal hardships as he’s worked to push Tesla Model 3 production. He told the publication of his personal struggles and said the past year has been “excruciating.”
“He’s obviously got some emotional problems. He’s self-medicating. He has shown some disturbing signs of being somewhat volatile and unstable,” Lutz added.
Lutz has sounded off on Tesla numerous times in the past and proclaimed the company will go broke in the near future while calling its current operations unsustainable.
With respect, the former GM executive said Musk should remain the “visionary” behind the company and “keep him as the titular head of the company, and give him the honor and respect the founder of the company deserves.” But, he summarized that Tesla needs professional management and “it needs it now.”