Consumer Reports might rate the Model 3 'average,' so Tesla claps back

Consumer Reports might rate the Model 3 'average,' so Tesla claps back

Tesla Motors Inc.'s (TSLA) new mass-market Model 3 Sedan will likely earn an average reliability score from Consumer Reports, the magazine said Thursday.

In a statement on the matter, Tesla noted: "As we've always acknowledged, it will take time to fine-tune the line for higher volumes, but as we have also said, there are no fundamental issues with Model 3 production or its supply chain, and we are confident in addressing the manufacturing bottleneck issues in the near-term. We are saying it is basically par for the course". Still, the rating prediction note ended with the caveat that the Model 3 would be thoroughly tested and reviewed for rating purposes, once Consumer Reports is actually able to purchase one (the organization buys the vehicles it reviews to remain impartial). In addition, so few Model 3 cars have been delivered that Fisher and his team have yet to get a sense of how owners feel about their new Tesla. All the same, there's no denying that Model 3 production has been incredibly low, and far below what many bullish Tesla investors and observers of the company anticipated.




In addition, Fisher expects the simplicity of the Model 3 compared with Tesla's other vehicles means the auto should have fewer problems. In the third quarter, Tesla delivered 260 Model 3s, well below what many analysts forecasted.

Fisher knows Tesla may be hammering out production issues, but he says it's unclear how much impact that will have on Model 3 dependability. Osborne points to a commitment made by Musk to open two new factories to make both cars and batteries, which could cost $10 billion combined.

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