Tesla Loses Lead In EV Quality Among Peers: Auto Expert Pins It On Removal Of Stalks For Buttons
Portfolio Pulse from Anan Ashraf
Tesla Inc. (NASDAQ:TSLA) has lost its lead in EV quality, now matching Rivian with 266 problems per 100 vehicles, according to J.D. Power's 2024 U.S. Initial Quality Study. The decline is attributed to the removal of traditional feature controls like turn signals and wiper stalks, which have not been well received by customers. Tesla's first-quarter deliveries also saw an 8.5% year-on-year decline.
June 29, 2024 | 8:38 am
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Tesla has lost its lead in EV quality, now matching Rivian with 266 problems per 100 vehicles. The decline is attributed to the removal of traditional feature controls like turn signals and wiper stalks. Tesla's first-quarter deliveries also saw an 8.5% year-on-year decline.
The loss in quality lead and the decline in first-quarter deliveries are likely to negatively impact Tesla's stock price in the short term. The removal of traditional controls has not been well received by customers, contributing to the quality issues.
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