Elon Musk Pitches 'Pravda,' Site to Rate Journalists' Credibility

Elon Musk plans to create a website for public to rate the press

Now, the media is the subject of billionaire Elon Musk's ire.

Rebuking what he saw as irresponsible reporting, Musk accused journalists of being sanctimonious and blamed critical coverage of his electric car-maker Tesla on big oil and gas companies shelling out on advertising.

Riled up by a Robert W. Baird analyst report that said "increasingly immaterial" headlines were dominating Tesla news cycles, Musk went on a Twitter attack Wednesday afternoon, saying the public no longer respects the media because of "holier-than-thou hypocrisy" and lies.

Mr Musk said he planned to launch a website to assess the credibility of news stories and sources.

The new dual-motor, all-wheel-drive performance version of the Model 3 will have a top speed of 155 miles per hour, a 310-mile range and acceleration from standstill to 60 mph in 3.5 seconds, Musk wrote. Because no ones believes you any more.

Tesla model 3 blue left profile
Tesla boss Musk rants at press on Twitter

Tesla stock, down around $100 dollars since last September, gained around 1 percent on Tuesday, having finished nearly 3 percent higher on Monday, helped by an easing of trade tensions with China which may aid its plans to produce there. This didn't play well with the establishment on Wall Street but drew praise from his loyal base of supporters. The government announced it will drop the tax levied on imported vehicles to 15 percent in July, from 25 percent.

Production of Tesla Model 3s began in July of past year and the first regular customers only received their cars in December after some Tesla employees.

Elon Musk's Model 3, once touted as Tesla's US$35,000 vehicle for the masses, can now set a buyer back nearly US$80,000. He will also prevent bots from manipulating the system, he added. The company's shares are down more than 10 percent this year.

"Pravda" is also the Russian word for "truth", which was an ironic name even for the Soviets. As Economist reporter Mark Harris pointed out, it appears that one of Musk's "agents" incorporated "Pravda Corp" previous year. The filing agent and the address listed - 216 Park Road, Burlingame, California - are the same as those used on state filings for at least two other Musk entities: Neuralink Corp. and Boring Co.

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