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Tesla's Model S loses Consumer Reports recommendation, stock plummets

By Shawn Knight
Oct 20, 2015
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  1. Consumer Reports proclaimed over the summer that Tesla’s Model S P85D was much more than just a wickedly fast luxury sedan. The car was so good, in fact, that it earned the publication’s highest score ever (103 out of 100), setting a new benchmark that forced them to revise their scoring system.

    The Model S P85D scored better in their tests than any other car ever had albeit with one huge asterisks – their rating doesn’t factor in reliability.

    As part of its annual auto reliability survey, Consumer Reports said it fielded around 1,400 responses from Model S owners that detail a myriad of issues involving the vehicle’s drivetrain, charging equipment and center console. Owners also complained of rattles, leaks and squeaks involving the car and its sunroof.

    Last year, Consumer Reports gave the Model S an “average” prediction as it relates to overall problems. Based on the survey feedback, the consumer products rating publication now says owning a Model S is likely to involve a worse-than-average overall problem rate.

    Worse still, it means the Model S no longer earns the publication’s coveted recommended designation.

    Tesla investors reacted to the news with their wallets as share value in the company dropped by $27.76. The stock rebounded a bit before the closing bell, down just 6.61 percent.

    Permalink to story.

     
  2. Uncle Al

    Uncle Al TS Evangelist Posts: 1,682   +787

    HAHAHAHAHAHA .... well sad to say, but maybe that will get their attention and they will quit resting on their laurels!
     
  3. Reehahs

    Reehahs TS Addict Posts: 172   +70

    They got everything else, reliability will be next.
     
  4. VitalyT

    VitalyT Russ-Puss Posts: 3,156   +1,431

    Dear Tesla...

    [​IMG]
     
  5. mrtraver

    mrtraver TS Guru Posts: 345   +43

    People still pay attention to Consumer Reports for vehicles? I need to get out from under my rock I guess. I went there in 1988 after they said the Suzuki Samurai "easily rolls over in turns", when in fact it was a specific collision-avoidance maneuver involving a very sudden sharp turn that cause the inside wheels to lift. It was not happening under routine driving conditions.
     
  6. EClyde

    EClyde TS Guru Posts: 710   +182

    Consumer reports...can't do soap to cars and expect to get it right.
     
  7. cliffordcooley

    cliffordcooley TS Guardian Fighter Posts: 8,559   +2,900

    I'm guessing this was more an Investor Report than Consumer Report.
     
  8. Please, all cars will eventual get problems. Anyone who fell for that lost, basically is simple fact or over emphasized rumors is released that triggers a panic on the stock market. The giddy ones sell in fear only to repurchase the same stock later on at an higher rate. Most of them are Day Traders or Quick Buck Johnny's.
     
  9. davislane1

    davislane1 TS Evangelist Posts: 3,564   +2,372

    A day trader would have shorted...or bought the dip...or both.

    As for all cars getting problems... All cars do get problems. But some do so at a higher frequency than others. The Model S appears to be in the high maintenance category. Not that great when you market your vehicle significantly on its reliability.
     
    NightAngel79 likes this.
  10. treetops

    treetops TS Evangelist Posts: 1,953   +162

    "The car was so good, in fact, that it earned the publication’s highest score ever (103 out of 100), setting a new benchmark that forced them to revise their scoring system."

    Big auto changed the rules of the rating system because Tesla beat them by their current standards? Sickening.
     
    mojorisin23 likes this.
  11. cliffordcooley

    cliffordcooley TS Guardian Fighter Posts: 8,559   +2,900

    If you think Tesla is bad just wait till all the other car manufacturers fail at testing.
     
  12. davislane1

    davislane1 TS Evangelist Posts: 3,564   +2,372

    If the maximum score is 100, and someone scores 103, there's a problem with the rules. It's like having 103% of five possible apples. If such an irrational rating had been handed out to something without a cult following, like a video game, a book, a movie, or a refrigerator, every forum on the web would have exploded with cries of BS.

    Imagine the feedback if IGN gave the Witcher 3 11 out of 10. Or if the latest GE washing machine received a 6 out of 5 efficiency rating.
     

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