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Tesla's Elon Musk Fires Back at New York Times Reviewer

Tesla's Elon Musk Fires Back at New York Times Reviewer
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Editor's Note: A previous version of this article mistakenly stated that Tesla was reporting earnings Monday; Tesla will report earnings February 20.

The Chairman and CEO of Tesla (NASDAQ: TSLA), Elon Musk, fired back against a negative New York Times review of the Tesla Model S earlier on his twitter account Monday.

“NYTimes article about Tesla range in cold is fake. Vehicle logs tell true story that he didn't actually charge to max & took a long detour,” Musk tweeted.

He then added, “Tesla blog coming soon detailing what actually happened on [John] Broder's NYTimes ‘range test'. Also lining up other journalists to do same drive.”

In Broder's article about the Model S, he complained about the car's range in the cold weather, stating that his vehicle ran out of electrical charge and had to be towed. That may have contributed to a sell-off in shares of Tesla, which were down over three percent at one point Monday morning.

After Musk's tweets, Tesla shares rebounded, and were down just 0.50% in afternoon trading.

Joel Szrites, the first person in the state of Michigan to get a Model S, told Benzinga that the range on his vehicle was generally in line with the company's claims.

"The range does go down a bit in cold weather," Szrites explained. "But generally speaking the range is adequate, and the decline in cold weather isn't that significant."

Szrites noted that the had read The New York Times article, and that one thing he noticed was that the author failed to plug his Model S in overnight -- key to keeping the Model S in top shape.

Tesla is set to report earnings February 20. Analysts expect the company to report a loss of $0.53 on revenue of $298.90 million. More important might be the company's actual sales figures, as investors attempt to digest the market's appetite for the company's vehicles.

Shares of Tesla are heavily shorted, with over 36% of the shares sold short as of January 15. If Tesla's results come in better than anticipated, investors might expect a solid pop.

Shares of Tesla traded near $39 late on Monday.

Posted-In: Elon MuskNews Management Intraday Update Movers Trading Ideas Best of Benzinga


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