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Posts Tagged ‘tesla ny times’

British Court Tosses Tesla Lawsuit

Further setback for battery-car maker.

by on Mar.11, 2013

Tesla Motors CEO Elon Musk with a Model S sedan.

It’s been a tough month for Tesla, the California battery-car start-up. While it stood toe-to-toe with the New York Times following a critical review of the Model S sedan, many investors quickly abandoned the company, especially after a worse-than-expected fourth-quarter loss.

Now, the British courts have landed a punch, tossing a lawsuit Tesla had filed against the much-watched BBC TV series Top Gear.  The appeals court found no merit in Tesla’s claim that it had been libeled by the program which showed one of the maker’s Roadsters running out of power during a day of track testing.

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Tesla originally filed the lawsuit in March 2011, alleging Top Gear committed libel and malicious falsehood – and claiming that the snarky segment cost it $171,000 in lost sales.

But the court ruled later that year that, “no reasonable person could understand that the performance on the track is capable of a direct comparison with a public road.”

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Tesla Posts $90 Mil Q4 Loss – But Moves Up Profit Forecast

Model S production rapidly accelerating - but will demand follow?

by on Feb.21, 2013

Finally, there may be a reason for Tesla Founder and CEO Elon Musk to be smiling.

Shortly after traders finished the day, Tesla Motors revealed another loss for the fourth quarter of 2012 – but the electric vehicle maker also said it now expects to be “slightly profitable” during the first three months of this year, well ahead of its earlier forecast of clawing into the black by “late 2013.”

The maker has been ramping up production of its first relatively mainstream battery-car, the Model S, after a slow start and won at least a partial victory, just before the earnings announcement, as the New York Times conceded it may have fallen short in a critical review of the Model S.

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In a federal filing, Tesla revealed it lost $89.9 million during the October to December period, an increase of just over 10% compared to the year-earlier loss of $81.5 million.  Revenue, however, increased from $39.4 million to $306.3 million as Tesla finally ramped up production of the new battery sedan. For the full year, Tesla lost $396.2 million on revenue of $413.3 million. It lost $254.4 million the year before on $204.2 million in revenue.

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NY Times Admits Mistakes But Insists Tesla Also Deserves Blame

Both sides want the last word.

by on Feb.20, 2013

Tesla CEO Elon Musk with a prototype Model S.

This report has been updated to include a response from Tesla to a request for details on how reporters were advised to drive to maximize range between Washington, D.C. and Boston.)

Mea culpa? Sort of.  The New York Times is acknowledging that one of its veteran reporters may not have used “especially good judgment” in how he reviewed an extended drive in the Tesla Model S battery-electric sedan. But the paper of record, as it likes to view itself, insists that the automaker’s CEO “is at fault, too.”

The widely publicized dust-up was triggered by a recent story filed not by someone on the NY Times’ Wheels blog or Autos page but by veteran political correspondent John Broder.  He was given a chance to drive a new Model S equipped with what Tesla calls a 300-mile battery pack from Washington, D.C. to Boston. Along the way, Broder planned to plug in for quick recharges at two of Tesla’s so-called Supercharger stations. But he failed to make the second one, he reported, running out of power early and needing a lift on a flatbed to get there.

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That triggered a response from Tesla’s never-shy founder and CEO Elon Musk. The South African-born executive initially called Broder to apologize but then issued a series of tweets, including one declaring the Times story a “fake.” As the brouhaha over battery range amped up, Tesla then released the log from the vehicle’s onboard data recorder which, it revealed, had secretly been recording the technical details of the drive.

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Does Tesla Data Log Trip Up NY Times?

Battery car maker’s numbers challenge reporter’s review.

by on Feb.14, 2013

Tesla Motors founder Elon Musk, shown here .with the Tesla Roadster.

Tesla CEO Musk shown here with an earlier Roadster model. He sued the BBC over a review on Top Gear.

Tesla Motors CEO Elon Musk just might get in the last word as he battles with the New York Times over a potentially damaging review of the start-up carmaker’s Model S battery-electric vehicle.

The South African-born musk launched what some initially thought a quixotic fight with the hugely influential paper earlier this week after it published a report by veteran journalist John Broder that noted he’d run out of power during a test drive and had to have one of the Tesla Model S battery cars delivered by flatbed to its destination.

Though he reportedly offered an initial apology to Broder, Musk subsequently turned around and went on the offensive, accusing the paper of running a “fake” story, and the journalist of doing a number of things that assured he would run out of power during his test drive.

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And early today, Musk and his public relations team followed up by releasing the data logs from the Model S Broder drove. The chart shows what they claim to be clear evidence that the details of the story don’t match up with the way the reporter actually drove.

“When the facts didn’t suit his opinion, he simply changed the facts,” wrote Musk.

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