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Tuesday, February 12, 2013
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Tesla stock falls after N.Y. Times test drive

Tuesday, February 12, 2013












Elon Musk, the

billionaire chief executive officer of Tesla Motors Inc., said a range


test of the Model S electric sedan by the New York Times was “fake” as

the reporter didn’t disclose all the details of his drive.






“NYTimes article about

Tesla range in cold is fake,” Musk said in a Twitter post today.

“Vehicle logs tell true story that he didn’t actually charge to max

& took a long detour.”




The Times on Feb. 8

published a story by John M. Broder on its website detailing how the

Model S he drove failed to meet the electric sedan’s 300-mile

(483-kilometre) range “under ideal conditions” while driving in

temperatures as low as minus 12 Celsius. The Times also published a blog

post by Broder about the test-drive on the same day, detailing his plan

to use Tesla’s new “supercharger” stations.






Eileen Murphy, a

spokeswoman for the New York Times, said she couldn’t immediately

comment and Broder declined to comment. Christina Ra, a spokeswoman for

Tesla, earlier declined to comment on the story.






Musk said in a

separate Twitter comment that Tesla’s test cars for media drives have

data loggers to record details of such trips. Musk also said a company

blog is being prepared “detailing what actually happened” during

Broder’s drive. Musk told CNBC that Broder took “an extended tour

through Manhattan” and at times drove “10 miles or above the speed

limit.”




Tesla fell the most in almost two months Monday after the paper’s first-person account about the cold-weather test-drive.






The Times’ story and

blog post detailed a test-drive on Interstate 95 on the U.S. East Coast.

Broder planned to repower the car using rapid charge stations Tesla has

installed in Newark, Delaware, and Milford, Conn., during his drive.

Tesla is installing a network of rapid charger stations to eventually

fulfill Musk’s goal of making it possible to drive cross-country in a

Model S.




During the trip, Broder reported that the car ran out of power and had to be towed on a flatbed truck.




Tesla’s web site says

the range of the car’s almost 454-kilogram lithium-ion battery pack is

well below the 300-mile level at highway speeds above 55 miles an hour

and when the heating or cooling system is used.






“After digging into

the background behind the article, our conclusion is that operator error

likely played a primary role, due to improper charging protocol,”

Elaine Kwei, an analyst for Jefferies & Co., wrote in a report

earlier Monday.


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