Tesla Blames Short Sellers for Recall Petition, Says No Problem Exists

Following confirmation from the National Highway Traffic Safety Administration (NHTSA) that it will look into a petition calling on the agency to formally investigate 500,000 Tesla vehicles over reports of unintended acceleration, the automaker took to the internet to defend itself.

On Monday, Tesla issued a blog post to say the allegations against it are wrong. It believes claims of unintended acceleration are erroneous, pushed by someone hoping to scoop up Tesla shares at a lower price so they can be swiftly flipped.

The short-seller defense is a popular one with CEO Elon Musk. He’s previously called short sellers “value destroyers,” repeatedly suggesting that the practice should be made illegal. But it’s also in his interest to keep Tesla’s stock ludicrously high, which it is. Despite being several times smaller than either General Motors or Ford, Tesla’s market worth has surpassed their combined value.

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Tesla Fights Georgia Dealers Over Direct Sales Model

Tesla’s ongoing battle to directly sell its wares to the public has come to Georgia, where the automaker is asking for a dismissal of a petition by the state’s dealer association seeking to ban Tesla from conducting such sales.

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GOP Opens Petition To Support Uber, Offers Only Sound, Fury

The Republican Party — both halves, presumably — are doing for Uber what they’ve done with Tesla by throwing its support for the way the ridesharing service is disrupting the status quo of ferrying passengers to and fro.

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UAW Ends Fight For Organization Of Tennessee VW Plant

The Huffington Post reports the United Auto Workers has withdrawn its petition with the National Labor Resources Board challenging the results of the February 2014 election regarding organization of the workforce at Volkswagen’s plant in Chattanooga, Tenn.

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Tesla Leads Charge To Replace Side Mirrors With Cameras

Should Tesla and the Alliance of Automobile Manufacturers — including General Motors, Toyota and Volkswagen — be successful in their petition with the National Highway Traffic Safety Administration, new cars could soon have cameras instead of side mirrors.

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  • 3SpeedAutomatic "...to make room for reality TV reruns..."What an insult!! Shows how far broadcast TV will stoop for a few extra bucks.I much appreciate Jay for keeping the "motor head" world alive in a Zoom society. However, maybe it's time for him to retire or semi-retire. There's enough material for him to do YouTube with most auto related companies willing to underwrite....but the number of shows would be at his own pace.I wish him well!!
  • Gregtwelve I had an '88 Turbo Coupe with 5 spd bought used and really liked it. I loved the looks, it had decent power for the time and a nice interior. Unfortunately the head gasket went at around 60K miles. I repaired it myself and sold it.
  • Mattwc1 I bought a Maverick specifically because I wanted utility and great fuel economy. My wife has a RAV4 hybrid that we really like. I think Toyota would print money with a smaller RAV4 based truck.
  • Varezhka Dunno. Looking at Maverick and Santa Cruz, having the engine in the front of the driver and a crew cab layout will mean the rear bed will be about the same size as kei trucks. And it will still be more than 16ft long. I'd rather get a Tacoma and/or a Hilux at that point.If we actually want a small truck with usable bed, it will have to be cab over layout with standard cab like Toyota TownAce Truck. We already know how popular that would be, even without getting into federal safety requirements.
  • SCE to AUX "Its militaristic, drab fortress presence, is some sort of reflection of the times."Very insightful comment in your excellent summary. The Cybertruck vs Hummer EV comparison tests will be enjoyable, sure to enflame their fans.