AutoNation CEO: Tesla may not be around in 10 years if Musk keeps relying on 'bait-and-switch' tactics [CNBC]
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show chapters Mike Jackson , longtime leader of AutoNation , accused Elon Musk of running a bait-and-switch on his promise of a $35,000 Model 3 sedan, saying Tesla may not be around to see electric cars become a real force in the industry. We're past the inflection point on electrification, Jackson told CNBC on Wednesday, predicting 30 percent of vehicles will be electric in about 10 years. I think if Tesla was there it would be quite something. That's because, according to Jackson, Musk does not have a sustainable business strategy for the long haul. I think when you're skimming the Model 3 with a bait-and-switch strategy maybe it works for a while, the outgoing AutoNation CEO said on Squawk Box. But there's going to be a day of reckoning. Jackson said Musk has only been able to build the Model 3 , designed for the mass market, to sell around $50,000. If you want one at the $35,000 he may never build it for you. The Model 3 has been e
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