Tesla, the king of electricity, but the worst ... in quality

Tesla, the king of electricity, but the worst in quality

The famous Californian brand dear to sores finds itself in last place in terms of quality, according to the survey of consultant JD Power, which is a reference. It does worse than Audi and Land Rover, red lanterns of the classification.

Tesla, the king of electricity, but the worst ... in quality

The Californian electric Tesla are adorned with all the supposedly ecological virtues by politically correct sores. But these jewels of technology are found… in the last rank in quality in the last survey of the consultant JD Power, famous for reference. Elon Musk\’s models appear for the first time in this 34 th annual study, released on June 24, which determines the number of problems encountered by customers in the first 90 days of use. Tesla brand vehicles average 250 faults per hundred vehicles. Tesla is a red lantern, just behind high-end yet prestigious brands like Audi(225 faults) or Land Rover (228). For an average of 166 faults (all labels combined), in this study conducted with 87,300 motorists in the United States with a questionnaire covering 223 items. Thirty-two brands are screened – the French being excluded since they are not sold across the Atlantic. JD Power notes that Tesla refused to collaborate on this study.

The big winners are the American Dodge ( Fiat Chrysler Automobiles ) and the Korean Kia , who only encountered 136 faults per hundred vehicles. This study confirms the good performance of the Koreans but also the spectacular rise of the American labels, formerly at the bottom of the table. Chevrolet (GM) is third (141), tied with Ram pickups (FCA). Genesis (luxury brand from Korean Hyundai) is fifth (142 faults), ahead of Japanese Mitsubishi (Renault-Nissan-MMC Alliance). Volkswagen, Jeep, Lexus (Toyota group), Nissan, are above average. The Japanese are, however, on average less ranked than in previous studies. On the other hand, the study is severe for European firms like Porsche, Jaguar, Mercedes. Logic: a quarter of the defects found (all brands included) relate to infotainment. However, the high-end brands of the Old Continent or Tesla are the most sophisticated in this regard! Conversely, the Dodge, Kia, Chevrolet, are often the simplest.

Morgan Stanley considers the title overvalued

For Tesla , bad news is piling up. In addition to the unflattering results of JD Power, the Fremont firm was attacked Tuesday by Morgan Stanley. Analysts have warned that the title Tesla, at $ 1,000 per share (986 this Friday), was largely overvalued and about to plunge, reports Forbes on Friday . The Morgan Stanley analysis assigns to action a $ 650 price target and rating “underweight”, warning that investors ignore “a multitude of risks of execution and market” to which the company is facing.

Tesla boasts a market capitalization of $ 183 billion today, up from just $ 75 billion at the end of last year, making it one of the most profitable automotive companies in the world. In fact, it is worth more than Ford, General Motors and Fiat Chrysler Automobiles combined today. Since April, founder and CEO Elon Musk has increased his net worth from $ 24 billion to just over $ 42 billion, said Forbes.  Elon Musk, who also runs Space X, has been free since late May to claim a first immediate pay of nearly $ 775 million, the fruit of a tailor-made compensation program indexed to the manufacturer\’s financial performance. The electric vehicle maker posted net earnings of $ 16 million in the first three months of the year. After years of recurring losses. The firm said in April its goal to deliver at least 500,000 cars in 2020.

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