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Tesla CEO says stock-market value has dropped 100M USD because of NYT story

 Tesla CEO says stock-market value has dropped 100M USD because of NYT story
2013 Tesla Model S

Shares have fallen 12 percent since Feb 8

Tesla Motors CEO Elon Musk blames The New York Times for a stock-market value drop of 100M USD.

In an interview given to Bloomberg Television this week, Musk said "it probably affected us to the tune of tens of millions, to the order of 100M USD." Since February 8 when NYT published the article, Tesla's shares have dropped by 12 percent from 39.24 USD to 34.38 USD.

Elon Musk added that without a 7,500 USD tax credit, Model S demand would go down by 10-20 percent. The American EV maker says the Model S will become profitable by the end of this quarter, excluding some costs. This year they plan on increasing production by a minimum of 25 percent.

Source: bloomberg

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Comments (11)

 Voodoo-Nut Voodoo-Nut
I still think this is one of the most beautiful saloon vehicles out there...
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March 1, 2013 3:47 am
 Shotokan6 Shotokan6
Time to sue them. What are you waiting for Tesla?
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February 27, 2013 9:10 pm
 porsche6616 porsche6616
i don't need nyt to tell me this car is just a ugly american car... but pretends to be special..
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February 27, 2013 5:56 pm
 TomitaBogdan TomitaBogdan
sue the living s*it out of NYC, and recover those money...
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February 27, 2013 2:54 pm
 Garais877 Garais877
so basicly becouse they made sh.t car and some dude did not like it and he was honest about it, than now its his fault, every day there is some bad review about Audi, Bmw or Merc and they do not complan about that, they just make better cars next time... :D
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February 27, 2013 2:44 pm
 TimeShade TimeShade
I hope Broder gets fired and he doesn't get another reporting job. You may not think this is a big deal, and that the Tesla CEO is overreacting, but this is how many good companies become unprofitable. Saab, Rover, you name it. I don't want to see Tesla going the same way. I hope this doesn't have any serious impact on Tesla
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February 27, 2013 2:43 pm