13 November 2013

Tesla fires

Eliana Dockterman has a Time article about Tesla's problems:
In a CNBC interview (video, above) at The New York TimesDealBook conference, Tesla CEO Elon Musk said that concerns over the three fires in the company’s electric sports cars are being overblown. He said that he’d spoken with the three drivers and that in all three cases they had said they thought the Tesla car saved them from harm and asked them for a replacement Model S as soon as possible. “We’re now held to a much higher standard,” Musk said, adding: “There’s no reason for a recall.”
Shares of Tesla peaked on 30 September 2013, but then dropped after the fires. Of the market, Musk said, ”I think the high stock price was sort of distracting,” and suggested that Tesla stock is a good deal right now.
Rico says fuck the stock, fix the damn cars so Rico's father will buy one...

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