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Tesla CEO Says NYT Review Cost the Company $100 Million

Tesla CEO Says NYT Review Cost the Company $100 Million

Feb 26 2013, 12:03pm CST | by

Musk thinks the company lost significant value in the wake of bad New York Times review

A war of words has been raging between Tesla CEO Elon Musk and the New York Times. The New York Times' John Broder took a Tesla Model S electric sedan on a trip and ran into problems. The resulting...

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1 year ago

Tesla CEO Says NYT Review Cost the Company $100 Million

Feb 26 2013, 12:03pm CST | by

Musk thinks the company lost significant value in the wake of bad New York Times review

A war of words has been raging between Tesla CEO Elon Musk and the New York Times. The New York Times' John Broder took a Tesla Model S electric sedan on a trip and ran into problems. The resulting negative review kicked off a war of words between Musk and the New York Times.

Musk maintains that Broder was not truthful in his review of the vehicle and Musk claims that he has the log files from the car to prove it. The New York Times continues to stand by the story. Musk has now come forward and said that the company has taken a significant financial hit as a result of the New York Times article.

Musk went on to say that he believes the bad review cost Tesla "tens of millions of dollars" and went so high as to say that the review cost the company as much as $100 million. Musk was specific in that he was talking about a loss of valuation the company not specifically that many canceled Model S orders.

 
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8 hours ago

Tesla And Panasonic Reach Agreement On 'Gigafactory' Battery Plant

Jul 29 2014 2:00pm CDT | Source: Motor Authority

Tesla Motors and Panasonic have reportedly reached an agreement on Tesla's massive 'Gigafactory,' which is expected to be the world's largest manufacturer of lithium-ion cells when completed. According to the Nikkei, Panasonic—Tesla Motors' [NSDQ:TSLA] current battery supplier and a shareholder—will invest 20 billion to 30 billion yen. ...
Source: Motor Authority   Full article at: Motor Authority
 

 
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12 hours ago

Honda Ends 3 Green Models, Tesla Gigafactory Update, Aluminum 2016 Jaguar XE: Today's Car News

Jul 29 2014 10:00am CDT | Source: All Small Cars

Today on Green Car Reports: Honda discontinues three of its greener models for 2015, Tesla and Panasonic reach an agreement on the battery "gigafactory" project, and aluminum construction boosts efficiency in the 2016 Jaguar XE sedan. All this and more on Green Car Reports. ...
Source: All Small Cars   Full article at: All Small Cars
 

 
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12 hours ago

Tesla's Musk to portray himself on 'The Simpsons'

Jul 29 2014 9:36am CDT | Source: Automotive News

Tesla Motors CEO Elon Musk will be providing the voice for himself in an episode in the 26th season of 'The Simpsons,' the show's executive producer, Al Jean, said at a recent Comic-Con ...
Source: Automotive News   Full article at: Automotive News
 

 
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13 hours ago

Tesla CEO Elon Musk Makes It Big: Will Appear On 'The Simpsons' As Himself

Jul 29 2014 9:00am CDT | Source: All Small Cars

Wealth? Success? Power? All of these fade to insignificance as ways to show you've "made it" in life, compared to a guest appearance on The Simpsons. Tesla Motors CEO Elon Musk has certainly made it, and to prove it he'll be guest-starring in the 26th season of the popular cartoon comedy. Not onl ...
Source: All Small Cars   Full article at: All Small Cars
 

 
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13 hours ago

eBay Find Of The Day: 1988 Saleen Ford Mustang General Tire 21R race car

Jul 29 2014 8:21am CDT | Source: Autoblog

Filed under: Motorsports, Coupe, Auctions, Ford, Racing Saleen may be making headlines these days for working on the Tesla Model S, but its history and bread-and-butter is all about the Ford Mustang. The rear-wheel-drive Dearborn pony cars singlehandedly put the company on the map in the '80s. Founder Steve Saleen was already a talented American racing driver when he started the venture, and like many auto industry businesses before him, Saleen went to the track to prove his veh ...
Source: Autoblog   Full article at: Autoblog
 

 
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16 hours ago

Tesla And Panasonic Reach Agreement On Gigafactory Project: Report

Jul 29 2014 5:30am CDT | Source: All Small Cars

Tesla Motors and its normally outspoken CEO, Elon Musk, haven't had much to say about its plans to build a battery "gigafactory" lately. Now, a new report claims Tesla has secured an important pact in making the gigafactory a reality. Tesla has reached an agreement with Panasonic--its current supplier of lithium-ion cells--that wi ...
Source: All Small Cars   Full article at: All Small Cars
 

 
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23 hours ago

Tesla Model S

Jul 28 2014 10:13pm CDT | Source: The Car Connection

To most everyone's surprise in the auto industry, the Tesla Model S became the best selling plug-in electric car in the U.S. during the first quarter of 2013. Even though this record isn’t likely to last, it still shows how successful this EV from the startup automaker has been. For the rest of ...
Source: The Car Connection   Full article at: The Car Connection
 

 
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1 day ago

Tesla and Panasonic said to reach agreement on Gigafactory

Jul 28 2014 6:41pm CDT | Source: CNET Car Tech

Tesla and Panasonic have reached an agreement on the so-called Gigafactory, a factory for building batteries for future Tesla electric ...
Source: CNET Car Tech   Full article at: CNET Car Tech
 

 

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<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
Shane is a self described car aficionado. He loves muscle cars, but also knows how green cars work. He has years of experience in testing cars and writes about cars with deeply felt emotions.

 

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