Model 3 loses Consumer Reports recommendation; Tesla drops

Model 3 loses Consumer Reports recommendation; Tesla drops

It said the survey was conducted from July through September, "so the vast majority of these issues have already been corrected through design and manufacturing improvements, and we are already seeing a significant improvement in our field data".

While many Tesla owners may not be happy about the reliability of their auto, Consumer Reports says those owners are generally satisfied with their electric vehicles.

"CR members reported these results in our annual reliability survey, which includes data on about 470,000 vehicles", Patrick Olsen of Consumer Reports said.

A Tesla spokeswoman said the carmaker has made "significant improvements" to fix the issues raised with the publication. Citing "reliability issues", Consumer Reports relays that it found a number of problems pertaining to hardware along with fit and finish issues.

Tesla Inc has started delivering Model 3 cars in China slightly ahead of schedule, as it looks to revive its sales that have been hit hard by Sino-U.S. trade tensions.

Tesla also received another ding on Consumer Reports' latest rankings.

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Tesla now imports all the cars it sells in China, but is in the process of building a factory in Shanghai that will manufacture Model 3 cars in the initial phase and help it minimize the impact of the trade war. In addition, some members reported that the Model 3's sole display screen acted strangely.

Model 3 buyers say they aren't satisfied.

On the news, Tesla's stock took a dive, as investors continue riding the roller coaster that comes hand in hand with being in Elon Musk's passenger seat. "Not only are our cars the safest and best-performing vehicles available today, but we take feedback from our customers very seriously", the company said in an emailed statement.

This new report confirms concerns raised by many analysts about the quality of Tesla models being compromised as the automaker feverishly boosted production previous year to attain monthly production targets. That kind of love-hate relationship isn't uncommon for iconic vehicles with persistent quality issues, such as the Jeep Wrangler and Chevrolet Corvette, he said.

Apart from being key to Tesla's aim of attaining profitability, the Model 3 is also the best-selling luxury auto in America today. The top five brands in the survey are Subaru (81), Genesis (80), Porsche (79), Audi (77) and Mazda (76). That is out of 33 brands ranked by the group.

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