According to The Truth About Cars’ stock exchange bureau chief, Ferrari is good and Tesla is bad today.*
Tesla shares have dropped 10 percent on news today that Consumer Reports would pull its “Recommended” rating from the Model S because of concerns about the car’s reliability. That’s bad.
Also, initial shares of supercar-maker Ferrari may be going for more than expected due to the stock’s appeal on office walls and potential value people may find in owning another Ferrari-branded item beyond overpriced shirts. (Read More…)
Wall Street Journal columnist Holman W. Jenkins (great name) slammed Consumer Reports for its glowing review and better-than-perfect score for the Tesla Model S P85D, in part, because the $127,000 car still qualifies for a government tax break.
“Prostitute is not too strong a word,” he wrote. “… (Consumer Reports) is shilling not only for the car but the government policies that subsidize it.”
Jenkins takes aim at the state and federal tax incentives still available for the vehicle — which are going away in many places — and at the magazine for hyping its review so heavily, and subsequently giving it away for free on its subscription-based website. (Read More…)
Consumer Reports says that Tesla’s Model S P85D initially scored 103 points out of a possible 100, which initially “broke” their rating system.
Consumer Reports adjusted the overall score to 100, and said that the Model S P85D wasn’t perfect, but that it was very good:
To be clear, the Tesla’s 100 score doesn’t make the P85D a perfect car—even at $127,820. It has imperfections. The interior materials aren’t as opulent as other high-ticket automobiles, and its ride is firmer and louder than our base Model S.
What’s more, a lengthy road trip in an electric car with a 200-plus mile range can be a logistical hurdle if a quick-charging station isn’t along your route.
It’s also important to note that our Rating doesn’t include the Tesla’s reliability. The Model S has average reliability, according to our owner-survey responses. (Read More…)
The thrill has gone for Consumer Reports‘ review team over the Tesla Model S, declaring the P85D “undrivable” in a new blog post.
Think your Tesla Model S is all that and a bag of Starbucks Pumpkin Spice Latte Doritos? That it says to the world that you’ve arrived? That you’re standing on the edge of a silver future? Consumer Reports says your car’s just “average.”
A day after Fiat Chrysler Automobiles found itself near or at the bottom of Consumer Reports 2014 Annual Reliability Survey, FCA quality boss Doug Betts left the building.
Consumer Reports released its Annual Reliability Survey for this year, focusing some of the attention on the woes experienced by a handful of infotainment systems.
BMW’s M235i has earned the highest marks ever bestowed upon the German automaker’s lineup from Consumer Reports, while also besting the Porsche 911 and Chevrolet Corvette in road tests whose results were recently released online.