TESLA INC  ( TSLA NASDAQ )

 CONSUMER REPORTS UPDATE

NEW VEHICHLE REMOTE SOFTWARE UPDATING

The Brand Says It All - Volkswagen VS Tesla - Peoples Car Of Electric Age

 

TSLA down from its 52 weekly high of $387 now testing support at $280-$300 level. This company is full of surprises both on the upside and downside. Nothing seems to stick to this teflon auto company . Elon Musk seems to have settled down and now knows the power of keeping his mouth glued shut when it comes to speculation or hype.  Day Trader

Will they make it or not , the jury is still out . It is yet to be seen whether TSLA can compete with the majors once they have entered the electric car market with both feet. Will Tesla's trendy high quality car remain the choice of wealthy , high end professionals . The brand says it all. Do you drive a Ford or Tesla ? Therein lies the answer .  Facebooks New Identity Crisis

Buy the stock on dips and hedge yourself with puts and selling calls generating income while you wait this one out .






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Tesla Inc.’s TSLA Model 3 sedan lost its coveted recommended status from influential product reviewer Consumer Reports less than a year after it was awarded, raising questions about the quality of the vehicle as the electric-car maker rushed to increase production.

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Consumer Reports said recently that as it was seeking additional Model 3 data last year, owners reported problems with loose body trim and glass defects—issues that prompted the magazine to yank its recommendation.

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The additional problems that we’re seeing seem to be some build-quality issues, Jake Fisher, senior director of automotive testing at Consumer Reports, said in an interview. “It is possible that as you build more vehicles you’re running into some issues.

 

Tesla’s performance in Consumer Reports reviews and surveys has varied over the years, and Tesla has usually disputed the findings

 

Consumer Reports’ survey of Model 3 owners in the spring and summer of 2018 resulted in it lowering the predicted reliability of the vehicle to below average from average.  Restaurant Brands - Unusual Option Activity 

ADDRESSES VAST MAJORITY OF PROBLEMS

Tesla said it has addressed the vast majority of these issues” through design and manufacturing improvements in the time since the surveys were conducted. We are already seeing a significant improvement in our field data,” a Tesla spokeswoman said in a statement.

EVOLUTION INTO MAINSTREAM AUTO MANUFACTURER

The Model 3 is Chief Executive Elon Musk’s bet that Tesla can evolve into a mainstream auto maker with a more-affordable version of its electric cars. Tesla’s rise in the past 15 years has been fueled by luxury vehicles that cost around $100,000, as well as by investors’ enthusiasm toward Mr. Musk’s vision for an electric future.

Tesla and Consumer Reports have a complicated history. The magazine’s early praise of the Model S full-size sedan helped the auto maker gain credibility in 2012. But as Tesla moved from making hundreds of vehicles a year to attempting to deliver as many as 400,000 this year, it has struggled with production.

BRAKE PROBLEMS FIXED

Last year, Consumer Reports said it couldn’t recommend the Model 3 because it took too long for the vehicle to brake. Tesla improved the braking distance with a wirelessly transmitted software update, and the magazine in May reversed its earlier decision to withhold the recommended status.   Apple - Goldman Sachs Team Up On Credit Card -I-Phone Feature

REMOTE SOFTWARE UPGRADES - INTERNET CONNECTED

That software update surprised many in the automotive industry, as such changes traditionally must be made at car dealerships. Tesla has pioneered updating its sold vehicles remotely using Wi-Fi or cellular signals, similar to how smartphones get new software to fix bugs or add features.

The issues raised Thursday, though, are of a variety that can’t be addressed with software. Other auto makers have dealt with quality issues after bringing out new models and made improvements in the second and third year as kinks are worked out.

The challenge for Tesla this year is balancing its goal of maintaining profitability while also facing increased expenses tied to its rapid growth. As Tesla has cranked out more Model 3s, customers and outside repair shops have reported lengthy waits for fixes.

LACK OF INFRASTRUCTURE ACROSS USA

Wall Street Daily

Part of the challenge is Tesla’s lack of infrastructure across the U.S. Unlike other auto makers, it doesn’t have a network of hundreds of franchise dealerships to sell and service its vehicles.

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Despite the complaints, many Tesla customers rave about the Model 3. Tesla ranked highest on owner satisfaction on another Consumer Reports survey released in December- Article From WSJ -