Tesla shares drop after Consumer Reports raises reliability questions
When Consumer Reports reviewed the Tesla Model S electric car earlier this year, it liked the car so much it had to recalibrate its rating scale. But several months on, the publication is a little less enamored.
Each year Consumer Reports surveys its audience to get a picture of how reliable different models of car are in the real world (organizations like JD Power do something similar). More than 1400 Tesla owners sent in data about their EVs, “who chronicled an array of detailed and complicated maladies,” the magazine now reports.
Issues include squeaks and rattles (something that may be more noticeable thanks to the car’s lack of engine noise) as well as problems with the clever door handles, but more serious problems include electric motors that have to be replaced. Overall, Consumer Reports found reliability was down compared to 2014. Older cars in particular appear to be having the most problems.