Breaking: Media takes SEC filing risks, turns it into Tesla Gigafactory Doomed story

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Sep 28, 2016

You might have read headlines over the weekend claiming that Tesla is announced possible delays and higher cost for its Gigafactory in Nevada. Big Media Titans Reuters and CNBC pushed the headlines as if it was breaking news Friday night after Tesla released its 10-Q SEC filing for the second quarter 2016. Literally breaking news:

BREAKING: Tesla says cost of building "Gigafactory" could exceed expectations, may take longer to get online than expected – filing

— CNBC Now (@CNBCnow) August 5, 2016

Some even claimed that Tesla released the news on Friday night in an attempt to bury it, something not unusual in the industry. The only problem is that it’s not breaking news. Not even close. It’s actually at least 3 months old… more…

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