Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Model Y drags down Tesla's ranking in annual reliability survey by Consumer Reports

Published 19/11/2020, 15:36
Updated 19/11/2020, 15:55
© Reuters. FILE PHOTO: The Tesla logo is seen

By Ben Klayman

DETROIT (Reuters) - Tesla Inc's (O:TSLA) newly introduced Model Y crossover, which has had body-hardware and paint issues, dragged down the electric-car maker's standing in Consumer Reports magazine's annual reliability study.

Owners of the Model Y, which began production in January, have reported misaligned body panels that had to be fixed and mismatched paint including, in one case, human hair stuck in the paint, according to Consumer Reports. The Model Y finished with a "much worse than average" reliability rating.

Tesla's ranking would have risen a few spots if not for the Model Y's performance, said Jake Fisher, senior director of auto testing at Consumer Reports.

New models often have reliability issues, but Tesla's problems were not typical.

"I am surprised that we would see just basic paint and trim type issues and body panel fitment issues," he said in an interview. "You would think that that would have been worked out a long time ago."

"Really disappointing when you spend this much money for a car and hopefully they'll be able to rectify a lot of these as time goes by," Fisher added.

Tesla's ranking slipped two spots to No. 25 out of 26 brands rated in the U.S. market, ahead of only Ford Motor Co 's (N:F) Lincoln luxury brand, according to the annual survey released on Thursday. (www.CR.org/reliability)

The Tesla Model S sedan and Model X SUV were both "worse than average, with the former losing its "recommended" status, Fisher said. The Model 3 sedan maintained an "average" rating and its "recommended" status.

Tesla could not be reached for comment.

The poll predicts which new cars will give owners fewer or more problems, based on data collected for more than 300,000 vehicles from model years 2000 to 2020. Its scorecard is influential among consumers and industry executives.

Brands with no major changes to their lineups, such as Mazda Motor Corp (T:7261), made gains. Mazda finished above Toyota Motor Corp's (T:7203) Toyota and Lexus brands, marking the first time a Toyota brand did not finish first in the survey, Fisher said.

The reliability of full-sized pickups, the most popular vehicles in the U.S. market, was weaker.

© Reuters. FILE PHOTO: The Tesla logo is seen

General Motors Co's (N:GM) Chevrolet Silverado and GMC Sierra 1500 pickups had "much worse than average" reliability, while Fiat Chrysler Automobile's (MI:FCHA) Ram pickup finished "worse than average." Ford's F-150 was not rated because a redesigned model was just launched, but the larger F-250 and F-350 versions were "average."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.