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I'm not one to sugarcoat things.It was just a matter of time. All the first adopters loved the brand, the car and all cars where new. As years go buy, the first enthusiasm goes away and the cars age. People are starting to look at their cars just as they look at every other car.
I'm not one to sugarcoat things.
Honestly, I'm surprised it took this long. I love my Model S, but I mentioned it here before but I've had more issues (by number and time spent in shop) with it than every previous vehicle I've owned combined. I wouldn't be surprised if the same were true by dollar amount given the new drivetrain. It's not a very reliable vehicle, and I doubt I'd ever consider owning it out of warranty. I have a half dozen more things broken I need to have looked at during my upcoming yearly service.
The other side of that is that Tesla has been fantastic in resolving issues. I get a loaner, they proactively fix things, and so forth. If you have issues, getting them fixed is usually very painless. And it's a new company, so I personally think they deserve some slack here as long as it's low impact to the owner. It's a learning process and that's what I signed up for when I bought a new car from new company with tons of new technology.
So I'm not surprised reliability issues are the weak point, but I don't think the CR outcome warrants the huge hit they took today. They're handling things quite well, I think.
Buy on bad news, sell on good news!
Upcoming, known, good news is always already built into the stock price. It's really only unexpected stuff that causes a jump, otherwise the market has already made assumptions about the outcome.The Model X launch (good news) and the Autopilot release (good news) didn't seem to do much for the stock.
Unless your car is out of warranty, is this really a problem besides the time you spend having to deal with these issues?
Meh, keep the big picture in mind. Even with a very early model and lots of the various issues that have been reported none have been catastrophic or deal breakers and the up-side benefits way out weight the negatives.... enough that we reserved a Model X over 2 years ago even knowing that would be an early, and likely buggy, model. Look at the actual rantings and how many are "Excellent"...the number of problems reported might be somewhat high, but the severity is low.As an intended owner, this is pretty damning. CR's ratings for the MS had all been average or better than average as recently as a week or two ago.
Having them pull their recommendation is a big deal.
Meh, keep the big picture in mind. Even with a very early model and lots of the various issues that have been reported none have been catastrophic or deal breakers and the up-side benefits way out weight the negatives.... enough that we reserved a Model X over 2 years ago even knowing that would be an early, and likely buggy, model. Look at the actual rantings and how many are "Excellent"...the number of problems reported might be somewhat high, but the severity is low.