Today's Hard|Forum Post
Today's Hard|Forum Post

Monday February 25, 2013

Tesla Says NYT Review Cost Them $100M

A bad NY Times review cost Tesla $100M? I think someone is talking out their ass or setting up for a lawsuit.

Elon Musk, speaking on Bloomberg TV, said "a lot" of people canceled orders for Tesla's Model S following a scathing New York Times review. "It probably affected us to the tune of tens of millions, to the order of $100 million, so it's not trivial," Musk said. "I would say that refers more to the valuation of the company. It wasn't as though there were 1,000 cancellations just due to The New York Times article. There were probably a few hundred."