Lesley Stahl reports on the race to develop and produce a viable electric car being waged between Silicon Valley entrepreneurs and Detroit auto executives.
So fascinating to read some of the decade old comments. Incredible how far Tesla has come since then. And how much egg GM still has on its face today. Dinosaurs have had their day. Thank God.
Its 2022, Tesla is producing around 1.5millions electric cars a year now and increasing rapidly. As well as on track to have the best selling vehicle of any catagory in the world by revenue this year, and by unit volume sold next year (2023), the Model Y.
I love the fact that you can hear the engine of the camera car straining to keep up with the Tesla Roadster. Thanks for including the original sound track on the Roadster leaving the parking lot of Tesla. It was very interesting to hear the ice car reving up to stay even with the Roadster.
Support the new EV car companies please!! The older companies are out of date and have old machines and technology. Far easier to start from fresh I suggest.
I am not a rich person and I was able to pay off and own my own electric car. Yes there are used Nissan Leaf electric cars available for $7,000 dollars.
Lutz is a putz. I love watching these old vids predicting the future. I want to be sympathetic to GM but even when they have a "winner" their follow-thru is pathetic and is epitomized by the literal crushing of the EV1. GM recently canceled the Volt and is letting everything ride on big trucks just like Ford and Chrysler. That's all Detroit is building now, trucks/SUVs. When the next gas crunch hits and it will, they will have nothing to fill the gap - again.
Next time recession hits, I hope the government doesn't conclude that big banks and (ICE) automakers are too big to fail. I hope they fail now so we can move on with the Teslas of the world without people like Lutz and Chanos.
Greetings from 2021! To Lutz's credit, producing hundreds of thousands of EVs a year in the 35-45k price range proved to be such a challenge that it nearly bankrupt Tesla. Having pushed through, however, Tesla is presently valued at over $800 billion, more than the next 9 car companies combined. They produced more EVs in the last 90 days than GM produced Volts during the model's 9 year run. GM is still trying to sell Hummers, though now they're $100k+ electric ones. Tesla's new goal is to produce a quarter of the world's cars around 2030, which like all things Tesla, is an impossible joke right up until they actually pull it off. For the tens of millions Elon has put into Tesla, as well as a number of nights sleeping in factories, his stake in Tesla has rocketed (a little SpaceX humor!) his net worth to nearly $200 billion and made him the richest person in the world.
The oil companies thought that Electric cars are against high oil price. But the reality that the oil contracts between Iraqi Kurdistan and Turkey to sell the kurdish oil for 22 dollars for 50 years .this did really destroyed the oil prices
I’ve never been impressed by Bob Lutz. To this day (2020) he is living in the 20th century. So is the dealership network ... and I kid you not, a Chevy Sales rep told me the black dots embedded in the top the windshield (the frit band) were solar panels to help charge the battery.
Even though this is an old video (2008) right after after leaving Tesla's parking lot he says you can floor it and the engine sounds you heard was the chase car struggling to keep up with the Roadster. Since this video Tesla has designed and built cars that outperform everybody's cars built by any other automakers. The latest is the model Y and the performance model absolutely screams down the road without looking like a performance car. One thing this video doesn't address is since this video was produced is the solar industry has essentially exploded to the point you can't build a house in California today without solar panels which are now required by California law. Then add in wind generators, they started at 250 watts per wind generator and have grown to 20
4:07 That's such an absurd thing to say 🤣 advertising a car that doesn't even have a prototype shows just how much hubris GM and other "big time" auto manufacturers had when it came to approaching a subject they had abandoned a decade prior. Musk himself has a lot of flaws, but I still admire him for shutting up these old-time executives like Lutz. You can tell he just didn't see much in this tech, it's just for show. But Tesla (and Musk) made it not just viable, but highly profitable. GM was proven wrong, yet again.
Here's the thing with GM. If I owned stock in the company I'd want them to soak the idiot public by making those high profit margin SUVs and selling them to a public wishing to indulge in masturbatory horsepower fantasies. However, I would also want them to keep a heavy R and D emphasis on electric cars and to sell the EV1 even at a loss. Then, when peak oil hit and the price of gas skyrocketed your in a perfect position to ramp up production and capitalize on the new reality.
Here it is fourteen years later, and this video did NOT age well. Can you say "hubris?" Sure you can. A year after this was recorded, GM went bankrupt. Tesla is still churning strong. Glad I started investing in Tesla back in 2014. Can't wait for my Cybertruck!
Well, it’s July of 2020 and Tesla is worth $278 billion and now on the SAP 500. Elon Musk outlasted silicon valley competition, GM and sent men to the ISS. Nothing short of inspirational.
The race for the electric car I promise in the next decade they'll be thousands of them in the heep pile cause they won't be able to afford the batteries
So the Volt has been pretty much a failure. So Boob Putz's reputation is gone. I mean, you make a stupid gas powered backup car with a tiny 40mile range battery under ideal conditions (more like 20-25mile range car for normal driving) then it will come with a $40k price tag. Remove all the gas pieces and its oil changes/fuel pumps/transmission/engine and what not and so much $$ could be saved. Of course, they don't get it or understand it. Meanwhile, Elon built his cars ground up to be simple and effective and gas components free and hence is doing well. Boob Klutz's "start from scratch" means start from an oil/gas car and add a tiny EV. Meanwhile Elon truly began from scratch and is hence rewarded with being the father of the EV industry.
In holland we allready have plenty of days of producing more solar and wind electricity than we need !! .. so we need storage .. we actually pause the windturbines because we cant pause the electricityplant .. we ll see ...
Electric cars are not the solution for a sustainable mobility. The problem is in their batteries, to produce them you need many rare materials, the processes to extract or mine those materials are highly polluting. A better way to reduce the traffic in our cities is hugely investing in the public transport, make it efficient at the point to make having a car not necessary. It will save billions of barrels of oil and dollars. We can even think, and the technologies are already available, to get the combustible for busses, electricity generators for trains, from food waste. In Austria they use frying oil to make bio diesel for busses of the public transport. There are cities in the Scandinavian countries where people just rent a car if they need. Circular Economy is the answer to the Earth pollution and climate changes. And things has to be made in a way to be recyclable as much as possible. Are we sure that our governments are investing enough to change our economy model, which is based on cheap and disposable things?
You are right a out circulairity and ownership .. you will be pleased to know tesla is gonna exactly do this ! .. their goal is high recyclabillity .. very longlasting . And autonomous driving so the cars will not be sold anymore but can be rented .. 1 car being used by many people traveling less .. less cars on the road . Less tragic less pollution .. and cars lasting very long like a million miles easy .. this battery has allready been made as a proof of concept .. we also need small light cars like the aptera even better than tesla .. with autonomy and even more logic to it .. have a good day !
So fascinating to read some of the decade old comments. Incredible how far Tesla has come since then. And how much egg GM still has on its face today. Dinosaurs have had their day. Thank God.
Reading comments in this section is like walking through a museum
That musk guy they interviewed is bright… I’d keep an eye on him
We are in 2019 and Tesla is making an affordable Modle 3.
Its 2022, Tesla is producing around 1.5millions electric cars a year now and increasing rapidly. As well as on track to have the best selling vehicle of any catagory in the world by revenue this year, and by unit volume sold next year (2023), the Model Y.
This small start up will never get off the ground
The first car to pass the 100 km.hour mark, was an eletric car! In 1898! Hmm..
I love the fact that you can hear the engine of the camera car straining to keep up with the Tesla Roadster.
Thanks for including the original sound track on the Roadster leaving the parking lot of Tesla.
It was very interesting to hear the ice car reving up to stay even with the Roadster.
You think that a guy with two Jets & two Choppers would had his teeth fixed long ago.
Doesn't need that but you do. Never mind you were talking about the gm guy.
TESLA otors is working on a 4-door sedan, and an SUV.
Detroit has been in bed with the oil-companies since day ONE.
Look at Tesla 9 years after your comment.
@@unknownentity742 I'm looking - right into my garage with a butt-kicking Tesla Model 3 in it.
Hope you all bought stock
Shocking they didn't delete this video yet
in 2019 Tesla has shown electrics are the best choice and people line up to get them all over the world.
"A 4 door family sedan that will compete with the volt" ha! Thats pretty funny statement about the model s back then.
Should ask Lutz re watch this video.
Support the new EV car companies please!! The older companies are out of date and have old machines and technology. Far easier to start from fresh I suggest.
Hey I’m from the future and Tesla is killing it 👍👍👍😜
I hope you bought some Tesla stock at IPO!
"For what it's worth, I stake my reputation on it." Lutz has been out at GM for more than 10 years now.
I am not a rich person and I was able to pay off and own my own electric car. Yes there are used Nissan Leaf electric cars available for $7,000 dollars.
what when the battery goes bust?
Lutz is a putz. I love watching these old vids predicting the future. I want to be sympathetic to GM but even when they have a "winner" their follow-thru is pathetic and is epitomized by the literal crushing of the EV1. GM recently canceled the Volt and is letting everything ride on big trucks just like Ford and Chrysler. That's all Detroit is building now, trucks/SUVs. When the next gas crunch hits and it will, they will have nothing to fill the gap - again.
Next time recession hits, I hope the government doesn't conclude that big banks and (ICE) automakers are too big to fail. I hope they fail now so we can move on with the Teslas of the world without people like Lutz and Chanos.
60 minutes should interview that GM CEO again
decade-year-old commentators are not replying...I am a little concerned...
give bailout money to TESLA and many other small electric car company
Woa. 11 years ago. Superb guess. You're right! :)
Hmmm...who retired/quit?
I would rather spend the 40,000 to buy the S then the volt.
This aged like fine wine.
evguyohio Too bad the Model S has never been priced at $40,000!
@@kyliefan7 gm volt suffered an identity crisis and no silicone innovators to compete with tesla. I cannot wait for gm to go bankrupt a second time
Greetings from 2021! To Lutz's credit, producing hundreds of thousands of EVs a year in the 35-45k price range proved to be such a challenge that it nearly bankrupt Tesla. Having pushed through, however, Tesla is presently valued at over $800 billion, more than the next 9 car companies combined. They produced more EVs in the last 90 days than GM produced Volts during the model's 9 year run. GM is still trying to sell Hummers, though now they're $100k+ electric ones. Tesla's new goal is to produce a quarter of the world's cars around 2030, which like all things Tesla, is an impossible joke right up until they actually pull it off. For the tens of millions Elon has put into Tesla, as well as a number of nights sleeping in factories, his stake in Tesla has rocketed (a little SpaceX humor!) his net worth to nearly $200 billion and made him the richest person in the world.
She called them computer geeks. Lol
of course u can...and if it wont die on it's own then "Kill It".
12 years later the Earth isnt dead
GM dude nailed it lol
What happened to GM?
Lol the engine dubbed in 1:10
Imagine driving a volt with a cd of ferrari sound lmao
The oil companies thought that Electric cars are against high oil price. But the reality that the oil contracts between Iraqi Kurdistan and Turkey to sell the kurdish oil for 22 dollars for 50 years .this did really destroyed the oil prices
More than Ten years ago it existed? wooooooow!!
Well? Who's winning??
Great excitement
I’ve never been impressed by Bob Lutz. To this day (2020) he is living in the 20th century. So is the dealership network ... and I kid you not, a Chevy Sales rep told me the black dots embedded in the top the windshield (the frit band) were solar panels to help charge the battery.
Cool to see Tesla from 2009
Even though this is an old video (2008) right after after leaving Tesla's parking lot he says you can floor it and the engine sounds you heard was the chase car struggling to keep up with the Roadster.
Since this video Tesla has designed and built cars that outperform everybody's cars built by any other automakers. The latest is the model Y and the performance model absolutely screams down the road without looking like a performance car.
One thing this video doesn't address is since this video was produced is the solar industry has essentially exploded to the point you can't build a house in California today without solar panels which are now required by California law. Then add in wind generators, they started at 250 watts per wind generator and have grown to 20
Don't bet against Elon.
4:07 That's such an absurd thing to say 🤣 advertising a car that doesn't even have a prototype shows just how much hubris GM and other "big time" auto manufacturers had when it came to approaching a subject they had abandoned a decade prior. Musk himself has a lot of flaws, but I still admire him for shutting up these old-time executives like Lutz. You can tell he just didn't see much in this tech, it's just for show. But Tesla (and Musk) made it not just viable, but highly profitable. GM was proven wrong, yet again.
literally he's now one the most sucessful man to walk earth
Richest too
No wonder GM is in trouble . . . . . Putz! Tesla isn't making cars, they're making computers on wheels.
Here's the thing with GM. If I owned stock in the company I'd want them to soak the idiot public by making those high profit margin SUVs and selling them to a public wishing to indulge in masturbatory horsepower fantasies. However, I would also want them to keep a heavy R and D emphasis on electric cars and to sell the EV1 even at a loss. Then, when peak oil hit and the price of gas skyrocketed your in a perfect position to ramp up production and capitalize on the new reality.
Here it is fourteen years later, and this video did NOT age well. Can you say "hubris?" Sure you can. A year after this was recorded, GM went bankrupt. Tesla is still churning strong. Glad I started investing in Tesla back in 2014. Can't wait for my Cybertruck!
You made helped make Musk rich.
@@yo-ry1np Good point. That's an extra side benefit. So we BOTH win!
Or perhaps you have something against the free market?
they re going bust because of ther gas guzzling suv's
Yep, I agree. NOT
It depressing that Telsa had to cut staff recently.
Have you looked into it lately?
heh
Hahah
Oldschool 60 mins vid
This aged well
11 years later, GM has factories in China and Tesla is in the process of building a factory in China. Everything is being moved to China
LOL also fix his voice
Well, it’s July of 2020 and Tesla is worth $278 billion and now on the SAP 500. Elon Musk outlasted silicon valley competition, GM and sent men to the ISS. Nothing short of inspirational.
Today' it's worth $627 billion
The race for the electric car I promise in the next decade they'll be thousands of them in the heep pile cause they won't be able to afford the batteries
Grow corn get gas simple as that
Somebody had egg on their face !!
Aptera went electric, still doesn’t have manufacturing…
"Are we gonna sit here....."
Yep. Just ask Mary EmBARRAsing.
Lutz's got an crude oily egg in his face now surely. Detroit must allow TESLA to set up its showrooms in Michigan if they have the guts.
So the Volt has been pretty much a failure. So Boob Putz's reputation is gone. I mean, you make a stupid gas powered backup car with a tiny 40mile range battery under ideal conditions (more like 20-25mile range car for normal driving) then it will come with a $40k price tag. Remove all the gas pieces and its oil changes/fuel pumps/transmission/engine and what not and so much $$ could be saved. Of course, they don't get it or understand it. Meanwhile, Elon built his cars ground up to be simple and effective and gas components free and hence is doing well. Boob Klutz's "start from scratch" means start from an oil/gas car and add a tiny EV. Meanwhile Elon truly began from scratch and is hence rewarded with being the father of the EV industry.
$109K? kiddin me?
No
Have you priced a Lambo or Porsche. You start at the top to fund lesser vehicles down the road.
no....
Same car worth whole lot more now !!!
Coal power plant produces electricity. So your burning coal to charge and it take long time or burn gas fill up in a few mins
In holland we allready have plenty of days of producing more solar and wind electricity than we need !! .. so we need storage .. we actually pause the windturbines because we cant pause the electricityplant .. we ll see ...
How do u have so much money and teeth that messed up!! How!!!? Smh That doesn’t look so smart at all 🤦♂️ lol
hahaha you do that
He did it.
This small start up will never get off the ground
yep...did it...
She was rude and a bad reporter, since 2008 wow
Electric cars are not the solution for a sustainable mobility. The problem is in their batteries, to produce them you need many rare materials, the processes to extract or mine those materials are highly polluting. A better way to reduce the traffic in our cities is hugely investing in the public transport, make it efficient at the point to make having a car not necessary. It will save billions of barrels of oil and dollars. We can even think, and the technologies are already available, to get the combustible for busses, electricity generators for trains, from food waste. In Austria they use frying oil to make bio diesel for busses of the public transport. There are cities in the Scandinavian countries where people just rent a car if they need.
Circular Economy is the answer to the Earth pollution and climate changes. And things has to be made in a way to be recyclable as much as possible.
Are we sure that our governments are investing enough to change our economy model, which is based on cheap and disposable things?
You are right a out circulairity and ownership .. you will be pleased to know tesla is gonna exactly do this ! .. their goal is high recyclabillity .. very longlasting . And autonomous driving so the cars will not be sold anymore but can be rented .. 1 car being used by many people traveling less .. less cars on the road . Less tragic less pollution .. and cars lasting very long like a million miles easy .. this battery has allready been made as a proof of concept .. we also need small light cars like the aptera even better than tesla .. with autonomy and even more logic to it .. have a good day !
Bob Lultz said about GM looking back now - LOL!😱🤣🫣🤡