- Tesla shares fall nearly 2 percent after a new report, based in part on the reviews of thousands of vehicle owners, raises questions about the reliability of Tesla’s Model 3.
- Consumer Reports says it will no longer recommend the Model 3 due to the reliability issues.
- A Tesla spokesperson said, “The vast majority of these issues have already been corrected through design and manufacturing improvements.”
Tesla shares fell after a new report, based in part on the reviews of thousands of vehicle owners, raises questions about the reliability of the electric car maker’s Model 3. Consumer Reports says it will no longer recommend the Model 3 due to the reliability issues.
“When we look at the Model 3 a lot of the issues are the electronics,” said Jake Fisher, senior director of automotive testing at Consumer Reports. “There are some issues replacing the (navigation/infotainment) screens, for instance, but we’ve seen other issues in terms of the trim breaking and the glass.”
Tesla shares were down nearly 2 percent after the report was released Thursday.
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