Feb 23, 2021
Dominion CEO Speaks Out on Mike Lindell Lawsuit: He Has Been Reckless And the Damage Has Been Devastating
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Dominion Voting Systems filed a defamation lawsuit against MyPillow CEO Mike Lindell this week.
Lindell has continued to push baseless claims about the 2020 election and has dug in on specific claims about voting machines. Both Smartmatic and Dominion have filed a number of lawsuits against individuals, media outlets, etc., and last month Lindell publicly mocked the idea of a lawsuit and straight-up said, “Please sue me, Dominion.”
CNBC’s Eamon Javers spoke Tuesday with Dominion CEO John Poulos, who said Lindell has been “reckless” in pushing disinformation and “absolute nonsense.”
Poulos said this is about getting the facts out, criticizing Lindell for “tout[ing] so-called evidence yet he produces fake documents.”
Javers asked about the $1.3 billion figure and how they came up with that figure.
Poulos called it a “preliminary estimate” and said, “The reputational damage alone has been devastating to us. We are seeing untold damage unfolding every day with our customers and the effects that they are having with a lot of constituents who unfortunately watch these videos, and watch the repeated attacks and disinformation.”
When Javers asked if he wants to put MyPillow out of business, Poulos said that’s not their intent, and added that they “strongly believe in” free speech.
He said that Lindell was clearly “reckless” in his “peddling of disinformation and the falsities.” And while he didn’t say any specifics, he added this is not the last lawsuit they intend to file.
You can watch above, via CNBC.
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Elon Musk trolls GM, Chrysler on Twitter. Ford CEO responds with 1 word.
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That's all Ford CEO Jim Farley used to respond to Tesla CEO Elon Musk on Friday.
"Tesla & Ford are the only American carmakers not to have gone bankrupt out of 1000’s of car startups. Prototypes are easy, production is hard & being cash flow positive is excruciating," Musk tweeted Thursday.
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Farley retweeted Musk early Friday saying only, "Respect."
Reaction on Twitter has been swift with likes, retweets and spicy comments.
Musk, of course, is quietly acknowledging the bankruptcies of General Motors and Chrysler, now part of Stellantis. Staying afloat during the Great Recession a decade ago has long been a point of pride for Ford.
Respect.... https://t.co/jJDsCvf0AY— Jim Farley (@jimfarley98) March 5, 2021
Elon Musk has 48.5 million followers on Twitter.
Jim Farley, who assumed the helm as CEO on Oct. 1, has 27,200 now.
Farley succeeds CEO Jim Hackett, who had retired from Steelcase office furniture and had no presence on Twitter during his three-year tenure.
"The tweet today demonstrates that business can be competitive and respectful," said Melissa Bradley, a business professor at Georgetown University.© Ford Motor Co. Ford CEO Jim Farley is standing with the 2021 all-electric Mustang Mach-E in Dearborn in September. This photo was taken during a video shoot to support the introduction of Mustang Mach-E in China at the 2020 Beijing Auto Show.
Musk, 49, is a self-made billionaire who grew up in South Africa and now launches rockets into space. Farley, 58, is a race car-driving son of the auto industry whose grandfather worked in a Ford factory.
The two executives have been in the spotlight this week as the all-electric 2021 Ford Mustang Mach-E has begun stealing customers from the dominant all-electric carmaker, as characterized by analyst Adam Jonas at Morgan Stanley.
Tesla, founded in 2003, has dominated the electric vehicle market with its Model S, Model 3, Model X and Model Y. Enthusiasts refer to the product line as SEXY. In 2020, Tesla delivered 499,550 vehicles.
In February, Ford sold 3,739 Mach-E SUVs in its first full month of sales, and that generated attention from Wall Street. Ford has sold 3,977 Mach-Es in 2021, according to its sales reports.'Ouch'
Jonas released his analysis to Morgan Stanley investors on Tuesday and to the media on Wednesday, saying, "Mustang Mach-E Steals Major Tesla Sales" and "Tesla's share of the BEV (battery electric vehicle) market declined significantly to 69% vs. 81% in the prior year. The Ford Mustang Mach-E accounted for nearly 100% of the share loss."
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Michelle Krebs, executive analyst for Autotrader.com, said the tweet from Musk illustrates Ford is top of mind. Shopping data illustrates that Ford is cutting into Tesla profits immediately, she said.
"The Mustang Mach-E is capturing the interest of Tesla shoppers," Krebs said. "We need to acknowledge Tesla is going to lose market share. It had 100% and it can't stay at 100% as competitors come onto the market. In February, Ford was its biggest competitor."
"If you look at sales numbers for Ford, if they continue at that pace, they would be the bestselling non-Tesla electric vehicle this quarter," she said. "Chevy Bolt has always been that. We're waiting for those sales numbers."
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This article originally appeared on Detroit Free Press: Elon Musk trolls GM, Chrysler on Twitter. Ford CEO responds with 1 word.