Model S from Tesla Motors Inc (TSLA) Exhibits Technical Flaws

Tesla Motors Inc (NASDAQ:TSLA) got its share of accolades for the innovative Tesla Model S and the car was considered as one of the best 21st century cars. However, one of the recent studies conducted by Consumer Reports highlighted some minor flaws in the car after regular usage.

Tesla Motor (TSLA)

Some of the major findings in Consumer Reports’ study are:

  • Automatic retracting handles were reluctant at times.
  • Central Screen stopped working after 12,000 miles making it difficult to use its features.
  • There was a problem with front trunk lid.
  • There was a creaking sound from roof-pillar.

Consumer Reports gave an average reliability rating to the model in 2012 and 2013 after surveying from over 637 users. According to the magazine,

“Given the number of bits and pieces Tesla has replaced on our car, it might be tempting to guess that its reliability score will go down. The reality is, it might — depending on the frequency and severity of problems reported by our subscribers and whether they show that reliability is below average.”

Tesla Motors Inc (NASDAQ:TSLA) came forward in response to these findings and Liz Jarvis-Shean, spokeswoman for Tesla, said,

“We are particularly attentive in addressing potential issues, even if those issues appear to be very minor or have a low likelihood of causing any future problems. Like any owner, Consumer Reports benefits from the peace of mind afforded by the comprehensive Tesla warranty.”

Irrespective of these technical problems of Model S, Deutsche Bank AG raised the rating of Tesla Motors Inc (NASDAQ:TSLA) and the shares quickly soared after the announcement. Its shares touched $259.32, which is the highest since its debut and the share has recorded an impressive increase of 72% in 2014. The company is planning to boost its sales by increasing the exports of Model S to China and other potential international market.

Click here to read our recent article related to “Electronic Arts Inc. (EA) Focuses On Global Coverage With GameStop Corp. (GME) and, Inc. (AMZN)”.

This article has been written by Prakash Pandey and edited by Serkan Unal.

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