Tesla vs. NYT

Thoughts?

NYT: http://www.nytimes.com/2013/02/10/automobiles/stalled-on-the-ev-highway…

Tesla: www.teslamotors.com/blog/most-peculiar-test-drive&

I'm wondering why no reaction visible to the rebuttal in the price of Tesla? I'd expect it to easily go above the price before the piece published by the end of today (target $40, 38.60 at time of writing)

 
inkybinky:
Methinks they doth protest too much.

The data seems clearly in support of Tesla, and this is pretty blatant libel if the data is valid. Loss of credibility on NYT's part might be minor as it's just one writer, so shorting may be an overreaction, but no reason not to expect Tesla to recover from restoration of credibility.

Personally, I'd definitely get in on Tesla now (if I had any money, anyway)

 
awawgoian:
inkybinky:
Methinks they doth protest too much.

The data seems clearly in support of Tesla, and this is pretty blatant libel if the data is valid. Loss of credibility on NYT's part might be minor as it's just one writer, so shorting may be an overreaction, but no reason not to expect Tesla to recover from restoration of credibility.

Personally, I'd definitely get in on Tesla now (if I had any money, anyway)

The New York Times doesn't have much credibility among thinking people to begin with, and I find it especially odd that they would dare to disparage the golden child of alternative energy.

But it is Tesla's data and it hasn't been audited, so I don't necessarily take it at face value. And a libel lawsuit they filed against Top Gear was recently thrown out for being without merit.

Tesla makes really cool cars. But that doesn't mean that they're necessarily high quality or economically viable. They just haven't been on the road long enough among a wide number of users.

There's probably a reason that borrowing their stock is so expensive.

 
Best Response

Copying what I wrote on another page:

Using the first graph in that link, I take the vertices of each end of the charge (stopped charging and started charging), and reading the Y axis, to be 270,130, 242,0,185,20,35,0,220,175. Subtracting second from first, 4th from 3rd etc, and summing the result gives me 627 miles as indicated range. The actual mileage of 530, is short of this. Taking individual samples as reference points, the second charge, from 242 to 0 , only covers 200 miles, in what appears to be a near straight line in reference to the gradient i.e. constant speed. They've also deflected the argument away from the claims that temperature has a significant impact on battery performance, which the cars data seems to support. Not to the extent that the NYT journalist claims.

The 2nd graph has confused me. What's it trying to show? That in 1 section of a 500 mile drive he spent time in a car park? Yea I do that too....

basically, they've not shown the battery isn't affected by cold temperatures, which any idiot with an iphone/ipod can prove by putting it in the fridge for 10 minutes, it will go near flat (warming it up against recharges it instantly)

 

Tesla is a short in my mind. I haven't looked at the data recently but from my analysis (which I have no professional qualifications and can easily be blown out of the water by someone on this website) I think they have a big hurdle to overcome as a company because of their small economies of scale, lack of experience in large scale production, unique service and dealer set up which is yet to be proven successful, loans from the US Govt, problems such as this one with the technology, etc.

If there was a massive recall on a battery or part, I can't imagine the logistical nightmare for owners and Tesla.

Blue horseshoe loves Anacott Steel
 

People who assert that the NY Times journalist was BSing need to explain exactly why a lefty NY Times journalist interested in energy issues would want to attack the latest hot thing in fuel-efficiency. I'm sure there are discrepancies between what he remembers and what Tesla's logs show, as memory tends to be fallible (he asked them for the logs so he could fact-check before his article; they didn't give them to him). In addition, Tesla's logs are not necessarily accurate, or accurately reported. But even if he isn't exactly right in his recollections, what is clear is that a journalist who is by temperament inclined to be well-disposed toward Tesla had an extraordinarily frustrating time trying to get through a very simple road trip. If a journalist on the phone regularly with Tesla HQ couldn't make such a simple journey without all these disasters, how likely is it that the average driver can?

It seems to me that Tesla has a long way to go before their cars are even remotely practical. I have no doubt the technology will get there, but right now they just seem difficult.

 
Markov:
People who assert that the NY Times journalist was BSing need to explain exactly why a lefty NY Times journalist interested in energy issues would want to attack the latest hot thing in fuel-efficiency. I'm sure there are discrepancies between what he remembers and what Tesla's logs show, as memory tends to be fallible (he asked them for the logs so he could fact-check before his article; they didn't give them to him). In addition, Tesla's logs are not necessarily accurate, or accurately reported. But even if he isn't exactly right in his recollections, what is clear is that a journalist who is by temperament inclined to be well-disposed toward Tesla had an extraordinarily frustrating time trying to get through a very simple road trip. If a journalist on the phone regularly with Tesla HQ couldn't make such a simple journey without all these disasters, how likely is it that the average driver can?

It seems to me that Tesla has a long way to go before their cars are even remotely practical. I have no doubt the technology will get there, but right now they just seem difficult.

This is probably a stretch but the thought did cross my mind earlier - if the car was running on really shitty low battery and even went as far as to [allegedly] shut down, how reliable are the diagnostics the internal computer was having to keep track of? At some point I gotta imagine it would start giving inaccurate readings or not read for a period of time at all... though the only time it actually lost all power was near the very end of the trip according to the journalist, so maybe more the thought of how accurate the readings would be at really low battery. I know my computer moves a lot slower when I'm low on power... I wouldn't think this is a breakthrough that says Tesla is totally full of shit if it was the case, but something to consider. Neither side can really convince us that they're the ones telling 100% of the truth at this point.

I hate victims who respect their executioners
 

Porro et exercitationem atque corrupti est rem molestiae. Voluptas corrupti aspernatur perferendis unde. Repudiandae quod harum dolorem dolores. Et quos saepe earum id saepe.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”