Tesla is 'going out of business,' says former GM exec Bob Lutz By: CNBC.com News November 17, 2017 at 16:56 PM EST Tesla is a "losing enterprise" that won't last, Bob Lutz, former vice chairman of General Motors, told CNBC on Friday. Read More >> Related Stocks: General Motors J B Hunt Transport Tesla, Inc. Wal-Mart Stores, Inc.