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Tesla Daily: Tesla News & Analysis

Consumer Reports Removes Model 3 Recommendation (02.21.19)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tsla, Model3, Technology, News, Tesla, Investing, Tech News, Modely, Business, Models, Modelx

4.81.1K Ratings

🗓️ 22 February 2019

⏱️ 7 minutes

🧾️ Download transcript

Summary

– Consumer Reports removes recommendation from Tesla Model 3
– US auto dealership group president comments on Tesla

Links:
Email > tesladailypodcast@gmail.com
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Executive producer Jerome Jorden
Executive producer Rob Gill
Executive producer Rish Singh
Executive producer Jeremy Cooke
Music by Evan Schaeffer

Disclosure: Rob Maurer is long TSLA stock & derivatives

The post Consumer Reports Removes Model 3 Recommendation (02.21.19) appeared first on TechCast Daily.

Transcript

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0:00.0

Hello and welcome to the Thursday February 21st 2019 edition of Tesla Daily on

0:12.0

official Tesla Podcast. My name is Rob Maower today

0:14.6

amongst other things we are talking about the big news from Consumer Reports

0:17.9

which has removed their recommend rating from the Model 3. This did impact the

0:22.3

stock today which finished down 3.74% to

0:25.4

$291.23 as compared to the NASDAQ down 0.39%. So on Consumer Reports we know that a few weeks ago, Consumer Reports revealed that according

0:36.1

to their 2018 owner satisfaction surveys, the Tesla Model 3 was the highest ranked vehicle

0:42.3

out of any other vehicle in owner satisfaction.

0:45.0

Consumer Reports Senior Director of Auto Testing, Jake Fisher, who we remember from the

0:50.4

previous Model 3 recommendation saga during which Consumer Reports Test vehicle was not breaking to a satisfactory degree.

0:58.0

Tessa quickly updated that with the software update and earned that recommendation status back.

1:02.0

But anyway, on today's recommendation change, Jake Fisher that recommendation

1:03.9

change.

1:04.3

Jake Fisher said quote, while Tesla's perform well in consumer reports road tests and have

1:09.1

excellent owner satisfaction, their reliability has not been

1:12.2

consistent according to our members, which has resulted in changes to their recommended status."

1:17.0

End quote.

1:18.0

Detailing what exactly those reliability issues are, consumer reports said, quote,

1:23.0

Model 3 owners in our spring survey sample

1:25.2

reported some body hardware and in-car electronics problems,

1:28.8

such as the screen freezing, which we have seen with other Tesla models.

1:32.3

The latest survey data also shows complaints about paint and trim issues.

...

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