Trading Tesla Motors stock is not for the faint hearted. For example, the stock was worth $235.24 at the end of trading on Friday but then dropped to $221.67 by the end of Monday. After yesterday's trading, it was back up to $242.77, a gain of almost 10 percent on the day. The movement was apparently due mostly to a negative article in The Wall Street Journal and then a social media response by Tesla CEO Elon Musk.
Wall Street Journal
First, we had Tesla's Elon Musk taking on The New York Times for what Musk said was bad math in the Times' review of the Model S. That dispute caught fire, resulting in what Musk said was a loss of up to $100 million in value. Now, here comes another criticism of a major publication's analysis of EVs. This time, we have the Electric Drive Transportation Association (EDTA) battling the Wall Street Journal for what the plug-in vehicle advocacy group calls (in its headline, no less) some "fuzzy mat
Former General Motors chairman and CEO Ed Whitacre is in the papers today, specifically the Opinion section of The Wall Street Journal, espousing a strong belief that the U.S. Treasury should get out of GM's hair as quickly as possible. Whitacre's sentiments come, no doubt, as a response to the recent news that GM has been pressuring the Treasury to sell off its remaining 500 million shares of the company's stock.
In a remarkable vote earlier this week, the U.S. Senate voted to end ethanol subsidies which total about $6 billion each year. It's great progress to see our lawmakers finally bringing some pragmatic fiscal and environmental common sense to the rag tag elements of transport energy policy.
According to The Wall Street Journal, Chrysler's post-bailout restructuring allowed it to effectively erase any responsibility for car accident victims. Two years after the $12.5-billion auto industry bailouts, families like the one Vicki Denton left behind are stuck between a rock and a hard place.
Toyota has officially spoken out against allegations that it planted a story in The Wall Street Journal that attributed the majority of the company's unintended acceleration woes to driver error rather than entrapped floor mats or faulty software. The Japanese company's American arm emailed a statement to Just-Auto saying that no one within Toyota has any access to the National Highway Transportation Safety Administration's research, and that no one in the government agency had reported any find
After receiving more than 3,000 reports of sudden acceleration in Toyota vehicles, the U.S. Department of Transportation has concluded that driver error was actually at fault. According to The Wall Street Journal, investigators analyzing different data recorders from Toyota vehicles found that at the time of these sudden acceleration crashes, the throttles were wide open rather and the brakes were not depressed. Thus, they have reason to believe that drivers were mistakenly stomping on the accel
The free press? It ain't so free. It's no secret that most publications face rising costs and declining revenues, both of which combine to create bottom lines that would shiver even cash-strapped Chrysler's timbers. So it should come as no real surprise that Consumers Digest makes manufacturers pay for licensing associated with the publication's illustrious "Best Buy" awards. But that hasn't stopped the Wall Street Journal from drawing a correlation between the number of nods the magazine hands
You've seen the dealer commercials before. "Now is the time to buy.... year end sale!" Well, if you want the Pontiac or Saturn of your dreams, this really is the best ever time to deal because it's literally the last chance to get a new vehicle from these brands. The Wall Street Journal reports that General Motors is offering dealers $7,000 in cash for each new Saturn or Pontiac model sold until the deal ends January 4. Edmunds reportedly told the WSJ that it expects GM will have about 4,200 Sat
The new Honda Insight is supposed to be the "hybrid for everyone," but does that include Republicans? A new Wall Street Journal article runs down the well-known tale of how, mostly, the people who drive hybrids are on the left side of American politics (remember this?). From there, Democratic political consultant Mark Penn asks his big question: "Where Are the Republican Hybrid Buyers?" From the article:
The Wall Street Journal puts forth the case that the government's $5 billion lifeline to GMAC has given GMAC a competitive advantage compared to its rivals. After the taxpayer cash was received, GMAC dropped the required credit score to get a loan and began offering 0% financing on several models, and rates from about 1% to 6% on a host of others. While doing so, it admitted that "without this [loan] . . . we would not be able to do this today."
The Wall Street Journal has been known to be a bit cynical when it comes to the Chevy Volt but does it really think GM is using a whole program just to angle cash out of Washington? That seems to be the what Holman W. Jenkins, Jr. is arguing in his article, "What Is GM Thinking?" According to the author, because GM's stock is at historic lows and the idea that the public would change their minds about the kinds of cars they want because fuel costs are rising is "crazy," the only reason GM would
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