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Elon Musk says NYT story cost Tesla $100 million

Tesla CEO Elon Musk told Bloomberg TV on Monday that the recent negative New York Times review of the Model S sedan decreased the company's stock-market value by as much as $100 million. The NYT-Tesla saga began on Feb. 8 with reviewer John Broder recounting the tale of how he was stranded when the Model S didn't live up to its 300-mile claimed range.

SEMA Pasadena: Public show in SoCal raises money for charity

Though we weren't at the very first SEMA show 42 years ago at the National Guard Armory in Los Angeles, the inaugural SEMA Cares Show and Shine last weekend must have been a lot like that first show four decades ago. SEMA Cares was held in the Pasadena Convention Center in Southern California. Organizers sold out all 155 spots for cool cars and all 25 booth spaces for vendors.

New Car Sales Accelerating Ahead

IT’S GOOD news in the new car market as the latest figures from industry body the Society of Motor Manufacturers and Traders (SMMT) reveal registrations already outstripping those of 2012 with one month of the year still to go. A total of 159,581 new cars were registered in November - a 7% rise on the figure for November 2012. Last month's figures took the year-so-far total to 2,111,819 - a 9.9% rise on the January-November 2012 total and already in excess of the year-end 2012 figure of 2.04 million.