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Musk says New York Times debacle may have cost Tesla $100 million

Despite the old chestnut that there's no such thing as bad publicity, there's always a cost incurred - sometimes it's hidden, and sometimes it's front and center. Enigmatic Tesla CEO Elon Musk seems to think his company's now-infamous Model S range dustup with The New York Times is falling squarely into the latter category. According to Musk, fallout from the back-and-forth battle over the newspaper's cold-weather road trip story may have decimated Tesla's stock value by as much as $100 million. Musk believes the report resulted in a lot of cancelled orders, probably costing Tesla "a few hundred" Model S purchases.
According to the report, Tesla's shares have tumbled some 12 percent (going from $39.24 to $34.38) since the report was published. Bloomberg further notes that the company's market capitalization has skidded by around $553 million over that same period. With the company's stock-market value pegged at $3.91 billion, $100m represents a not insignificant chunk of money to Tesla.
So how does Musk feel about embattled Times writer John Broder, whose controversial report he previously called "fake"? During the interview with Bloomberg TV, which you can watch below, Musk opines, "I don't think it should be the end of his career - I don't even think necessarily he should be fired - but I do think he fudged an article." No word has surfaced about any actions taken against Broder after his boss admitted he did "not especially" exercise "good judgement" in the course of his reporting.

Washington State governor signs pro-Tesla bill

Maybe Tesla should build its proposed gigafactory in the Evergreen State. Last week, Washington Govermor Jay Inslee signed a bill that will allow Tesla to keep selling its electric vehicles through its showrooms and not have to work through third-party dealerships, Automotive News says. That means the California-based electric-vehicle maker can keep its showrooms in Seattle and Bellevue open. Oddly, the bill appears to more-or-less grandfather Tesla into factory-to-customer legality, allowing Tesla to expand its number of showrooms while preventing any other automaker who didn't have a state dealership license as of January 1, 2014, to do the same. The news isn't exactly stunning, given the state's largely pro-green attitude and progressive approach to plug-in vehicle technology. A fast-charging-station network has been built along Interstate 5 in both Washington and Oregon, and, as of late 2013, Washington's I-5 stations were getting used about twice as much as they were in 2012. Still, the bill represents a substantial victory for Tesla, whose representatives didn't immediately respond to a request for comment from AutoblogGreen. Last month, New Jersey said Tesla would have to close its two factory-owned stores in the state. Tesla lost a similar battle in Texas last year, while the company has made some headway in states like Massachusetts, New York, North Carolina and Ohio. Last year, Tesla chief Elon Musk went as far as saying he'd go to the federal government to try to overturn such laws, but that avenue of attack has not yet been attempted.

Michigan Gov. signs 'anti-Tesla' bill, but says rules could change *UPDATE

*UPDATE: GM has issued a statement in support of the governor's actions. We've added it below. Don't look for a Tesla store in Detroit anytime soon. Even though the company says a Motor City service center is "Coming Soon," another hurdle was placed in the company's way today when Governor Rick Snyder signed House Bill 5606 into law. The law was introduced by State Representative Aric Nesbitt, who said it is not "anti-Tesla at all." Still, 5606 does clarify and strengthen the state's laws against an automaker selling vehicles directly to consumers, which is why Tesla called on its supporters last week to ask Snyder not to sign the bill into law. That didn't work. The bill passed the Michigan legislative chambers with overwhelming support last week (106-1 in the House, 38-0 in the Senate) and Snyder said that his team's research found it "doesn't change current law at all." He nonetheless thought it was worth signing, and you can watch him explain why in the video below. He also mentions a letter he attached to the bill saying he's open to future discussions regarding direct vehicle sales. He does not mention his campaign support from numerous auto dealers. We have asked Tesla for a comment on this latest development and will let you know when we hear back. Last week, the California automaker called the legislation "harmful to consumers." This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Gov. Rick Snyder signs bipartisan bill clarifying existing direct auto sales law Calls for healthy, open discussion on potential changes to business model; also signs one other bill into law Tuesday, Oct. 21, 2014 LANSING, Mich. – Gov. Rick Snyder today signed bipartisan legislation that clarifies and strengthens an existing law about direct auto sales in Michigan. House Bill 5606, sponsored by state Rep. Aric Nesbitt, also prohibits auto manufacturers from dictating fees franchised dealers can charge customers. The legislation allows individual auto dealers to make the business decision whether to charge the transaction fee. The bill was approved by 38-0 in the state Senate, and 106-1 in the state House of Representatives. Snyder said Tuesday there has been a misunderstanding about the legislation.