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Tesla shorts drive Pulitzer-winning journalist off Twitter after glowing review of Model 3 Performance

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The Tesla Model 3 recently got its first professional review from a veteran auto journalist. In an article published in the Wall Street Journal, Pulitzer-winning journalist Dan Neil gave the Model 3 performance a glowing review, stating that the car is a “magnificent” piece of automotive engineering that is “representative of the next step in the history of autos.”

Tesla is currently offering test drives for the Model 3 Performance in selected showrooms across the United States. Key publications such as CNET‘s Roadshow also posted teasers about an upcoming review of the vehicle. Based on Neil’s report, the Model 3 Performance is being touted as one of the electric car company’s best vehicles as of date — one that can push Tesla to new heights.

Dan Neil’s review of the Model 3 Performance was largely positive. Though he stated that the car would have performed better had it been equipped with better tires, and he likened the vehicle’s 15-inch touchscreen as the “broken flower pot on Mona Lisa’s head,” Neil was nonetheless impressed by the electric sedan. Neil noted in his WSJ article that while Tesla as a company has its own fair share of issues, including those fueled by CEO Elon Musk’s actions on Twitter, the Model 3 Performance is a star, considering its speed, raw power, and handling. Neil’s observations about the car’s performance mirrored some of the conclusions of Sandy Munro, who conducted a teardown of the Long Range RWD Model 3. Just like Neil, Munro gave a positive review of the vehicle’s capabilities, even stating that whoever designed and tuned the Model 3’s suspension could easily be an “F1 Prince.”

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Neil’s positive review did not sit well with Tesla’s staunchest critics. His Twitter feed, for one, was quickly filled with vitriol. The comments section of his Model 3 Performance review in the Wall Street Journal were filled with much of the same criticism as well. Neil defended himself on both places, and on Twitter, he ended up crossing tweets with some notable Tesla short-sellers, including Mark Spiegel and the vocal MontanaSkeptic1, who recently debated Tesla bull Galileo Russell on the Quoth the Raven podcast. Over the weekend, and amidst what appeared to be an overwhelming amount of negativity from Tesla shorts, Neil opted to delete his Twitter account. Fellow automotive reporter Urvaksh Karkaria posted a tweet later on claiming that Neil decided to let his Twitter account go because of the responses to his Model 3 Performance review.

Screenshots of Neil’s final hours on Twitter were captured by members of the Tesla Motors Club, and from what could be seen in the images, the Pulitzer-winning journalist was engaging Spiegel and the MontanaSkeptic1 before he deleted his account. Both Tesla shorts seemed to have taken issue about why Neil has not reviewed the Jaguar I-PACE yet, as well as the $35,000 Standard Range RWD Model 3. One of Neil’s responses to Spiegel also gave the impression that the Tesla short was suggesting the vehicle given to the journalist was “prepped” especially for him (a notion that Neil described as having “no possibility”).

Dan Neil’s Twitter feed, filled with responses to Tesla shorts, before he deleted his account. [Source: Twitter]

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Overall, it is unfortunate to see journalists of Dan Neil’s caliber be subjected to criticism simply because he wrote down his opinions about the Tesla Model 3 Performance. Neil, after all, might be friendly with Musk, but he is never one to shy away from questioning the CEO’s statements. Back in 2011 alone, Neil made a bet with Musk about when the company could start producing the Model S. In an article in the Los Angeles Times, Neil described Musk’s timetable for the all-electric sedan as an “audacious timeline that makes many in the car industry roll their eyes.”

Tesla might be controversial amidst Elon Musk’s occasional Twitter outbursts and the company’s tendency to meet its target timelines later than expected, but at the end of the day, the vehicles it produces ultimately speak for themselves. After all, professional reviewers like Neil, who are veterans of the auto industry, are praising the Model 3 Performance not because of Elon Musk’s rockstar status, but because of its own merits. And that, ultimately bodes well for Tesla.

Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

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Elon Musk

Tesla analyst says Musk stock buy should send this signal to investors

“With Musk’s (Tesla stock) purchase, combined with the upward momentum for delivery expectations and robotaxi rollout, we are becoming more bullish.”

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(Credit: Tesla)

Tesla CEO Elon Musk purchased roughly $1 billion in Tesla shares on Friday, and analysts are now breaking down the move as the stock is headed upward.

One of them is William Blair analyst Jed Dorsheimer, who said in a new note to investors on Monday that Musk’s move should send a signal of confidence to stock buyers, especially considering the company’s numerous catalysts that currently exist.

Elon Musk just bought $1 billion in Tesla stock, his biggest purchase ever

Dorsheimer said in the note:

“With Musk’s (Tesla stock) purchase, combined with the upward momentum for delivery expectations and robotaxi rollout, we are becoming more bullish. This purchase is Musk’s first buy since 2020. To us, this sends a strong signal of confidence in the most important part of Tesla’s future business, robotaxi.”

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Musk putting an additional $1 billion back into the company in the form of more stock ownership is obviously a huge vote of confidence.

He knows more than anyone about the progress Tesla has made and is making on the Robotaxi platform, as well as the company’s ongoing efforts to solve vehicle autonomy. If he’s buying stock, it is more than likely a good sign.

Tesla has continued to expand its Robotaxi platform in a number of ways. The project has gotten bigger in terms of service area, vehicle fleet, and testing population. Tesla has also recently received a permit to test in Nevada, unlocking the potential to expand into a brand-new state for the company.

In the note, Dorsheimer also touched on Musk’s recent pay package, revealing that William Blair recently met with Tesla’s Board of Directors, who gave the firm some more color on the situation:

“We recently participated in a meeting with Tesla’s board of directors to discuss the details of Musk’s performance package. The board is confident of its position in the Delaware case and anticipates a verdict by end of year. It does not expect a similar situation to occur under new Texas jurisdiction. Musk has the board’s full support, and we expect he’ll get more than enough shareholder support for this to pass with flying colors.”

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Tesla stock is up over 6 percent so far today, trading at $421.50 at the time of publication.

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Elon Musk

Elon Musk just bought $1 billion in Tesla stock, his biggest purchase ever

Prior to this latest move, Musk’s most recent purchase was for about 200,000 shares worth $10 million in 2020.

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Gage Skidmore from Surprise, AZ, United States of America, CC BY-SA 2.0 , via Wikimedia Commons


Tesla (NASDAQ:TSLA) shares rose on Monday after CEO Elon Musk disclosed a rare insider purchase of company stock worth about $1 billion. 

A filing with the U.S. Securities and Exchange Commission (SEC) revealed that Musk acquired 2.57 million shares last Friday at various prices. The move represents Musk’s largest TSLA purchase ever by value, as per Verity data.

Elon Musk’s TSLA purchase

The disclosure sent Tesla shares up more than 8% in premarket trading Monday, as investors read the purchase as a notable vote of confidence, as stated in a CNBC report. Tesla stock had closed slightly lower Friday but remains more than 25% higher over the past three months. It should be noted that prior to this latest move, Musk’s most recent purchase was for about 200,000 shares worth $10 million in 2020.

Market watchers say the purchase could help shore up investor sentiment amid a volatile year for TSLA stock. Shares have faced pressure from a variety of factors, from year-over-year sales challenges due to the new Model Y changeover, political controversies tied to Musk, and reduced U.S. incentives for EVs under the Trump administration. Nevertheless, analysts such as Wedbush’s Dan Ives stated that Musk’s purchase was a “huge sign of confidence for Tesla bulls and shows Musk is doubling down on his Tesla A.I. bet.”

Tesla and Elon Musk

Musk already owns about 13% of Tesla, and his latest purchase comes as the company prepares for a key shareholder vote in November. Investors will decide whether to approve a compensation package for Musk that could ultimately be worth as much as $975 billion if ambitious market value milestones are achieved. The package has a long-term target of pushing Tesla’s market capitalization to $8.5 trillion, compared with about $1.3 trillion at Friday’s close.

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Wall Street’s current consensus price target still implies a roughly 20% decline from current levels, though some Tesla bulls remain optimistic that the company could shift its focus toward autonomy, AI, and robotics. Musk has also asked shareholders to approve an investment into his latest venture, xAI.

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Investor's Corner

Tesla bear turns bullish for two reasons as stock continues boost

“I think from a trading perspective, it looks very interesting,” Nathan said, citing numerous signs of strength, such as holding its 200-day moving average and holding against its resistance level.

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Credit: Tesla Manufacturing

A Tesla bear is changing his tune, turning bullish for two reasons as the company’s stock has continued to get a boost over the past month.

Dan Nathan, a notorious skeptic of Tesla shares, said he is changing his tune, at least in the short term, on the company’s stock because of “technicals and sentiment,” believing the company is on track for a strong Q3, but also an investment story that will slowly veer away from its automotive business.

“I think from a trading perspective, it looks very interesting,” Nathan said, citing numerous signs of strength, such as holding its 200-day moving average and holding against its resistance level.

He also said he believes a rally for the stock could continue as it heads into the end of the quarter, especially as the $7,500 electric vehicle tax credit is coming to an end at the end of the month.

With that being said, he believes the consensus for Q3 deliveries is “probably low,” as he believes Wall Street is likely underestimating what Tesla will bring to the table on October 1 or 2 when it reports numbers for the quarter.

Tesla shares are already up over five percent today, with gains exceeding nine percent over the past five trading days, and more than fourteen percent in the past month.

While some analysts are looking at the performance of other Mag 7 stocks, movement on rates from the Federal Reserve, and other broader market factors as reasoning for Tesla’s strong performance, it appears some movement could be related to the company’s recent developments instead.

Over the past week, Tesla has made some strides in its Robotaxi program, including a new license to test the platform in the State of Nevada, which we reported on.

Tesla lands regulatory green light for Robotaxi testing in new state

Additionally, the company is riding the tails of the end of the EV tax credit, as inventory, both new and used, is running extremely low, generally speaking. Many markets do not have any vehicles to purchase as of right now, making delivery by September 30 extremely difficult.

However, there has been some adjustments to the guidelines by the IRS, which can be read here:

Tesla set to win big after IRS adjusts EV tax credit rules

Tesla is trading at around $389 at 10:56 a.m. on the East Coast.

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