Consumer Reports’ recommendation for Tesla (NASDAQ:TSLA) has been withdrawn.
Consumer Reports’ recommendation for Tesla (NASDAQ:TSLA) has been withdrawn.
According to an article on Tech Crunch:
In late August, a report out of Consumer Reports said that the Tesla Model S P85D, an all-wheel-drive electric sedan that also happens to be the most expensive model of the car, performed “better in our tests than any other car ever has, earning a perfect road-test score.”
We said at the time that the review was something you don’t see every day. But more shockingly, Consumer Reports has just assigned Tesla’s Model S a “worse-than-average” rating in a new, annual report about the predicted reliability of new vehicles.
Numerous outlets, including the L.A. Times, began reporting the bad news earlier. Shares of 12-year-old Tesla, which has a $26.5 billion market cap, have been in a nosedive since, falling 10.3 percent so far today.
According to Consumer Reports, in interviews with more than 1,400 Model S owners, an “array of detailed and complicated maladies” was brought to the outlet’s attention. The “main problems,” says the report’s authors, involve the drivetrain; power equipment; charging equipment; its giant iPad-like center console; and body and sunroof squeaks, rattles and leaks.
Click here to read the full article on Tech Crunch.
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