This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

New York Times Fires Back At Tesla

NEW YORK ( TheStreet) -- After a scathing blog post by Tesla Motors' (TSLA - Get Report) CEO Elon Musk regarding New York Times (NYT - Get Report) journalist John Broder's test drive of a Model S, Broder has fired back. He claims he did not "consciously set out to sabotage the test."

Mr. Broder has responded, refuting each of the points that Musk cited in his blog post. Musk showed data that indicated the Model S battery never ran out of energy, though Broder says the car shut down, and did not have enough power to move, or even release the parking brake.

In an article, Broder mentions that he has detailed notes on the trip, citing his dealings with several Tesla employees, including Christina Ra, a Tesla spokeswoman, and Ted Merendino, a Tesla product planner.

How to Really Test Drive a Car

One of the more interesting defenses is that Tesla says the trip into Manhattan was unplanned, but Broder says this was "was planned from the beginning and known to Tesla personnel all along."

The controversy over the test drive has become a "he said, she said"-style spat, albeit one with billions of dollars and a company's reputation on the line. Broder's article affected the stock price of Tesla on Monday when it crossed the wires, prompting Musk to go on the offensive, calling the review a "fake."

Musk has even said that Tesla was "pretty dumb to agree to an article by this guy."

--Written by Chris Ciaccia in New York

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
NYT $11.87 0.42%
TSLA $250.55 5.00%
AAPL $111.89 3.90%
FB $89.22 2.30%
GOOG $613.67 2.70%

Markets

Chart of I:DJI
DOW 16,405.83 +54.45 0.33%
S&P 500 1,948.86 +35.01 1.83%
NASDAQ 4,749.9790 +113.8740 2.46%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs