TTAC on The Trading Floor: Ferrari Good, Tesla Bad*

Aaron Cole
by Aaron Cole

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.

Consumer Reports released its Annual Auto Reliability Survey on Tuesday and said that 1,400 Tesla owners reported higher-than-average problems with their cars. The consumer group reported that owners detailed problems with the car’s “drivetrain, power equipment, charging equipment, giant iPad-like center console, and body and sunroof squeaks, rattles, and leaks.” Or basically everything.

Consumer Reports also detailed problems with 2013 models, the first year Tesla offered the Model S. Those owners say problems with the battery and charging equipment have downgraded the car’s initial “average” rating to a “worse-than-average” rating.

Ferrari is expected to announce pricing for its IPO on Tuesday. That company reported that its price may be higher than the initial $48-$52 per share due to oversubscription of the stock.

* 1. The information provided on this TTAC website has been compiled for your convenience. TTAC makes no warranties about the accuracy or completeness of any information contained on this website.

2. TTAC, including its directors, affiliates, officers, employees, agents, contractors, successors and assigns, will not accept any liability for any loss, damage or other injury resulting from its use.

3. Links to other websites are provided for your convenience and TTAC is not responsible for the information contained on those websites. The provision of a link to another website does not constitute an endorsement or approval of that website, or any products or services offered on that website, by TTAC. TTAC will not accept any liability for the use of those links to connect to websites that are not under our control.

4. TTAC, its directors, affiliates, officers, employees, agents, contractors, successors and assigns do not accept any liability:

(a) for any investment decisions made on the basis of this information. This website does not constitute financial advice and should not be taken as such. TTAC urges you to obtain professional advice before proceeding with any investment.

(b) for any damages or losses whatsoever, arising out of, or in any way related to, the use of this site and any other site linked to this site.

5. The limitation on liability contained in paragraph 4 applies to direct, indirect, consequential, special, punitive or other damages that you or others may suffer, as well as damages for loss of profit, business interruption or the loss of data or information.

6. Nothing in this website constitutes or is intended to constitute an offer of, or an invitation to purchase or subscribe for, securities. TTAC holds the copyright to this website. TTAC grants you a limited licence to download this website for personal use only. You are not permitted to reproduce or alter this website, or any copy of it, for any other purpose without the prior express written consent of TTAC.

7. TTAC regards your privacy as important and will take all reasonable steps to ensure that if you have subscribed to receive notification of website updates; your email address will remain confidential.

8. TTAC reserves the right to make changes, modifications, additions, deletions and corrections to the website, at any time and without notice.

Financial Disclaimer

TTAC does not accept any liability for any investment decisions made on the basis of this information. This website does not constitute financial advice and should not be taken as such. TTAC urges you to obtain professional advice before proceeding with any investment.

External Link Disclaimer

Any links have been provided for your convenience. Websites which you are transferred to are not controlled by TTAC and TTAC is not responsible, and does not accept any liability, for the information contained on those websites. The provision of a link does not constitute an endorsement or approval of that website or any products or services on that website.

We don’t actually have a stock exchange bureau chief.


Aaron Cole
Aaron Cole

More by Aaron Cole

Comments
Join the conversation
2 of 25 comments
  • CanadaCraig You can just imagine how quickly the tires are going to wear out on a 5,800 lbs AWD 2024 Dodge Charger.
  • Luke42 I tried FSD for a month in December 2022 on my Model Y and wasn’t impressed.The building-blocks were amazing but sum of the all of those amazing parts was about as useful as Honda Sensing in terms of reducing the driver’s workload.I have a list of fixes I need to see in Autopilot before I blow another $200 renting FSD. But I will try it for free for a month.I would love it if FSD v12 lived up to the hype and my mind were changed. But I have no reason to believe I might be wrong at this point, based on the reviews I’ve read so far. [shrug]. I’m sure I’ll have more to say about it once I get to test it.
  • FormerFF We bought three new and one used car last year, so we won't be visiting any showrooms this year unless a meteor hits one of them. Sorry to hear that Mini has terminated the manual transmission, a Mini could be a fun car to drive with a stick.It appears that 2025 is going to see a significant decrease in the number of models that can be had with a stick. The used car we bought is a Mk 7 GTI with a six speed manual, and my younger daughter and I are enjoying it quite a lot. We'll be hanging on to it for many years.
  • Oberkanone Where is the value here? Magna is assembling the vehicles. The IP is not novel. Just buy the IP at bankruptcy stage for next to nothing.
  • Jalop1991 what, no Turbo trim?
Next