Consumer Reports withdraws its recommendation for the Tesla Model S, after surveying 1400 owners, because of “worse-than-average” reliability. The car previously had the best rating possible.
As the older vehicles are getting up on miles, we are seeing some where the electric motor needs to be replaced and the onboard charging system won’t charge the battery. On the newer vehicles, we are seeing problems such as the sunroof not operating properly. Door handles continue to be an issue…Despite the problems, [Consumer Reports] data show that Tesla owner satisfaction is still very high: Ninety-seven percent of owners said they would definitely buy their car again.
Tesla Motors share price drops 10% before recovering to close off 7%.