An auto industry legend questioned Tesla's eye watering stock rally, and said it has 'nothing to do with reality'

· Automotive veteran Bob Lutz has questioned how Tesla has surged to have the highest market cap of any automotive company in the US while only producing 300,000 cars a year. 
· He told CNBC's Squawk box: "The fact that Tesla is worth more than Fiat Chrysler, General Motors and Ford combined is worth more than Volkswagen and...