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

by Aaron Cole

Updated: December 30th, 2020 Published: October 20th, 2015

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.

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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.

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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.

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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.

#ConsumerReports #Ferrari #Ipo #Stock #Tesla

Aaron Cole

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2 of 25 comments

MrGrieves on Oct 21, 2015

"It - was - the - Dukes! It - was - the - Dukes!"

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SomeGuy on Oct 21, 2015

Great movie. I also like my Ferrari shirts. Expensive, but good quality.

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