Tesla is hyped, 'grossly overvalued': Bob Lutz
Tesla Motors (TSLA) is all hype and CEO Elon Musk was right to say the electric car maker's stock is "kind of high right now," former General Motors (GM) Chairman Bob Lutz told CNBC on Wednesday.
Read More Elon Musk: Tesla stock is 'kind of high' now
Tesla's chief made the comment on Sept. 5, when the stock was trading at around $286 a share, in response to a question from CNBC during a news conference in Carson City, Nevada .