Tesla Motors Inc (TSLA) Apologizes for Model S Financing Misstep

Tesla Motors Inc (NASDAQ:TSLA) announced a new financing plan for its Tesla Model S on April 2, and almost immediately evoked the revulsion of customers and journalists alike. The plan said that a customer could buy a Tesla Model S on the financing program for as little as $500 a month. The actual cost of the program is over $1,000 at its least expensive.

Tesla Motors Inc (NASDAQ:TSLA) values its reputation, so it did something that very few corporations do these days. It admitted it was wrong, it apologized, and it...