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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.

Ferrari Special Projects develops latest custom

Ferrari's Special Projects team is developing its fifth car for Ferrari collector and petro-chemical magnate Cheerag Arya, dubbed the Arya SP. Arya, who has seven Ferrari's including a 599 GTO and 599 XX, signed off the design after being shown twelve design sketches and now a clay model has been approved and development is set to begin. "I told the designers what I wanted and they presented me with a total of 12 designs.

Toyota powering its US headquarters with Hydrogen Fuel Cell

Toyota’s Hydrogen Fuel Cell power supply at their US HQ It’s been a pipe dream for a long time; harness the planet’s plentiful supplies of hydrogen to produce power. That’s getting a lot closer with a number of hydrogen fuel cell cars coming to the real car market in the next few years, and no doubt as part of their mission to convince the world that hydrogen is the future, Toyota are demonstrating the potential by using a hydrogen fuel cell to produce power at their US HQ. Toyota has installed a 1.1 megawatt stationary fuel cell at its Los Angeles HQ which is capable of producing half its power needs during the heavy-load summer period.