What Elon Musk doesn’t understand about journalism – Thomas Malone

Thomas W. Malone Professor of Information Technology

From Salon

Elon Musk’s sometimes antagonistic relationship with the press is no secret. But last week, the billionaire chief executive of SpaceX and Tesla exhibited a new level of hostility.

In a series of tweets, Musk referred to journalists as “holier-than-thou” hypocrites, said that news organizations had lost their credibility and the respect of the public, and blamed the media for the election of President Trump.

Then things got interesting. Musk proposed creating a “media credibility rating site” where the public would be able to “rate the core truth of any article & track the credibility score over time of each journalist, editor & publication.” He suggested calling this site “Pravda”—the Russian word for “truth” and also the name of the longtime Communist newspaper. He likened the rating platform to Yelp for journalism.

Despite the bluster, Musk may be on to something. At a time when public trust in the media is at an all-time low, a reputation system that allows citizens to gauge the reliability and accuracy of news they consume could be a step in the right direction. Read More »

Tesla’s money problems are no surprise — David R. Keith

MIT Sloan Assistant Professor David Keith

MIT Sloan Assistant Professor David Keith

From MIT Technology Review

Such has been the remarkable success of Tesla Motors that news of its production and financing challenges came as a surprise for some. Tesla plans to raise an additional $640 million from capital markets, and downgraded its 2015 delivery forecast by up to 5,000 vehicles, citing potential complications with supplier qualification and the ramp up of manufacturing for the Model X SUV.

This news serves as a timely reminder of the enormity of the challenge that Tesla is pursuing in bringing its high-performance electric vehicles to market. Basically, building cars is a very expensive business. A new vehicle costs at least $1 billion in development and tooling, and Tesla is developing two new vehicles concurrently (the Model X SUV and the smaller Model 3).

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