Monday, 24 September, 2018

Elon Musk Has Plans to Shake Up the Media

Elon Musk wants to rate accuracy of news stories on a site called'Pravda Will the billionaire restore trust in the media – or bury it forever
Nellie Chapman | 26 May, 2018, 00:27

He ridiculed representatives of Wall Street's biggest banks asking for more details on how Tesla would meet promises to build more Model 3 sedans and generate cash in the second half of the year.

Elon Musk has been on a furious anti-media Twitter tear this week, pledging to create a Soviet-style site to scrutinize journalists, suggesting oil companies and other automakers help fuel critical coverage of Tesla, and even suggesting that employees might lose their stock options if they form a union.

On Wednesday, Tesla and SpaceX CEO Elon Musk tweeted, "The holier-than-thou hypocrisy of big media companies who lay claim to the truth, but publish only enough to sugarcoat the lie, is why the public no longer respects them". We should also note that the Communist Party of the Russian Federation (KPRF) is a humorless political organization that feels a particular attachment to the Pravda name and has been known to take things personally.

Molly Roberts at the Washington Post says Musk's anti-media "meltdown" is unsurprising in light of recent reports on issues with the Tesla Model 3, unionization efforts at Tesla factories, and crashes of self-driving cars.

Recently Consumer Reports (CR) tested the Tesla Model 3 and found that the auto had braking distances that were much longer than other vehicles in its class.

'Problem is journos are under constant pressure to get max clicks & earn advertising dollars or get fired, ' Musk added.

Andrew J. Hawkins, a transportation reporter with tech website The Verge, tweeted that Musk was slowly transforming into a media-baiting Trump figure "screaming irrationally about fake news". Because no ones believes you any more (sic). "You lost your credibility a long time ago", Musk responded in a tweet.

Here, Musk argued that the media's lack of credibility resulted in his election.

Late Thursday afternoon, 88 percent of the poll's 680,000 respondents were in favor of Musk's proposed website, while 12 percent were opposed.

Musk has 21.8 million followers on Twitter and has tweeted more than four thousand times since he joined the site in June 2009.