Tesla is a "losing enterprise" that won't last, Bob Lutz, former vice chairman of General Motors, told CNBC on Friday.
Snap, crackle, drop. And are GM shares hitting reverse? Trade management 101, with CNBC's Melissa Lee and the Options Action traders.
"Let's face it: It's the only way to go," said Bob Lutz, the former vice chairman of product development for General Motors.
October started out strong for the hedge fund but the last few days have taken a turn for the worse.
The "Halftime Report" traders debate the call of the day: Goldman Sachs cutting GM to a "sell."
The CNBC IQ100 index, beating the broader market over one year, is up 26%. Today's leaders include Teva Pharma, Broadcom, Sony, Apple. The laggards Advanced Micro, GM, Mondelez and Stryker.
These are the stocks posting the largest moves before the bell.
The surging automaker got its second major downgrade in as many weeks, this time to sell from Goldman Sachs.
Analyst Adam Jonas downgraded GM shares Wednesday to equal-weight from overweight.
Analyst Adam Jonas downgraded GM shares Wednesday to equal weight from overweight.