Tesla Owner Advises EV Drivers To Save Unspent Gas Money For Unexpected Sting After $19K Battery Replacement Bill: 'Beware!'
Portfolio Pulse from Shanthi Rexaline
A Tesla Model S owner faced a $19K battery replacement bill after 163,000 miles, warning EV drivers to save unspent gas money for such unexpected costs. The story highlights potential hidden costs of EV ownership despite gas savings. Tesla's sales have plateaued amid various challenges, including range concerns and a reported manipulation of vehicle range, putting pressure on profits. Tesla's stock closed slightly up at $235.45.
November 27, 2023 | 9:49 am
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NEGATIVE IMPACT
A Tesla owner's high battery replacement cost and the report of Tesla's range manipulation may affect consumer trust and potentially impact sales, which could influence TSLA's stock price in the short term.
The news of a high battery replacement cost could deter potential buyers concerned about long-term ownership costs, while reports of range manipulation may damage Tesla's brand reputation. Both factors could lead to a negative perception among investors and consumers, potentially affecting the stock price negatively in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80