Hello and welcome to the Wednesday May 30th 2018 edition of Tesla Daily

unofficial Tesla Podcast. My name is Rob Maower. Today we were talking

about Consumer Reports views on Model 3. Tesla stock on the day finished up 2.81% to

$291.72 cents this compared to the NASDAQ up 0.89 percent.

About two-thirds of that increase for Tesla stock today happened shortly after the news came

out the consumer reports is now recommending the model three versus previously not recommending it due to poor

breaking performance.

I'm sure by now most people are aware of the background here but after consumer reports

did their testing Elon Musk and Jake Fisher who is the director for automotive testing at Consumer Reports,

had an hour-long phone conversation.

Fisher told USA Today that Musk was, quote, very interested to understand what was going on in our testing, end quote." The reason Musk was so interested to understand

is because Consumer Reports Testing did not match Tesla's testing

for 60 to zero breaking.

A few days after that conversation occurred,

Tesla was able to push an over-the-air

firmware update to improve the breaking distance by 19 feet. Consumer reports retest the

vehicle and have now gone from not recommending the model three to recommending it.

This is a great example of the advantage that over the air software updates gives

Tesla versus its competition in current form and it's also I think a good demonstration of what Tesla can accomplish in such a short amount of time.

Jake Fisher was certainly impressed saying quote I've been at consumer reports for 19 years and

tested more than 1,000 cars and I've never seen a car that could improve its track performance with an over-the-air update."

On the other side of the coin, one fair criticism of this that I have seen comes from a Navant research analyst saying quote the fact that

...