Tesla CEO Says N.Y. Times Article Reduced Market Cap
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Tesla Motors Inc.’s chief executive officer said a New York Times story saying the electric-vehicle maker’s Model S sedan fell short of its estimated range trimmed the company’s stock-market value as much as $100 million.
“It probably affected us to the tune of tens of millions, to the order of $100 million,” CEO Elon Musk said today in a Bloomberg Television interview with Betty Liu. “So it’s not trivial.”