Musk says New York Times debacle may have cost Tesla $100 million
According to the report, Tesla's shares have tumbled some 12 percent (going from $39.24 to $34.38) since the report was published. Bloomberg further notes that the company's market capitalization has skidded by around $553 million over that same period. With the company's stock-market value pegged at $3.91 billion, $100m represents a not insignificant chunk of money to Tesla.
So how does Musk feel about embattled Times writer John Broder, whose controversial report he previously called "fake"? During the interview with Bloomberg TV, which you can watch below, Musk opines, "I don't think it should be the end of his career – I don't even think necessarily he should be fired – but I do think he fudged an article." No word has surfaced about any actions taken against Broder after the Times' public editor admitted he did "not especially" exercise "good judgement" in the course of his reporting.
There's a lot of interesting ground covered in the Musk interview, including a discussion on the impact of early adopters on Model S sales, as well as how demand might be affected if the federal $7,500 tax credit were to end, so check it out by scrolling below.
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