In Striking Rebuke, Consumer Reports Finds Tesla Has Second-Worst Reliability Of Rated Cars

Tesla shares pared their “S&P 500 inclusion” gains on Thursday after it was revealed that Consumer Reports decided to not “recommend” the company’s Model S and panned the company’s Model Y “due to a decline in their reliability”.

Model S ratings dropped due to issues with its suspension – the very same issue Tesla claims China “wrongfully” made it recall vehicles for overseas last month. The Model Y suffered from “hardware and paint problems,” according to CNBC. This means the Model 3 is the only Tesla vehicle that Consumer Reports recommends; for the time being, at least.

SOURCE: https://www.zerohedge.com/technology/striking-rebuke-consumer-reports-finds-tesla-has-second-worst-reliability-all-automakers

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