Tesla CEO: NYT review cost us $100M in value — Bloomberg
February 26, 2013
Elon Musk told Bloomberg TV that the newspaper’s review of the Model S lowered the company’s valuation by tens of millions of dollars.
The New York Times/Tesla debacle may have cost the car maker $100 million in value, Tesla’s CEO told Bloomberg.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 Full article on cnet.com