EVs are giving new owners more headaches, and Tesla is a big reason why: J.D. Power study [Yahoo! Finance Canada]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance Canada
J.D. Power's study tracks responses from nearly 100,000 purchasers and lessees of 2024 vehicles within the first 90 days of ownership, and for the first time in the study's 38-year history, it incorporates repair visit data. Overall, internal combustion engine (ICE) vehicles averaged 180 PP100 (or 180 problems per 100 vehicles), while battery electric vehicles (BEVs) averaged a whopping 266 PP100, 86 points higher than ICE vehicles. Automakers have typically said that EVs are generally less problematic and require fewer repairs than ICE vehicles because they have a smaller number of parts and systems. However, J.D. Power's study with newly incorporated repair data shows EVs, as well as plug-in hybrid electric vehicles (PHEVs), require more repairs than gas-powered vehicles in all repair categories. “Owners of cutting edge, tech-filled BEVs and PHEVs are experiencing problems that are of a severity level high enough for them to take their new vehicle into the dealership at a rate
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News
- Tesla stock climbs as Q2 vehicle deliveries beat expectations for first time in year [USA TODAY]USA TODAY
- Tesla stock climbs as Q2 vehicle deliveries beat expectations for first time in year [Yahoo! Finance]Yahoo! Finance
- CNBC Daily Open: Tesla soars, S&P closes above 5,500 [CNBC]CNBC
- EV Stocks Surge: Are They Back? [Yahoo! Finance]Yahoo! Finance
- Asian Stocks to Rise as S&P 500 Closes Above 5,500: Markets Wrap [Yahoo! Finance Canada]Yahoo! Finance Canada
TSLA
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- 6/14/24 - Form 8-K
- 6/13/24 - Form DEFA14A
- TSLA's page on the SEC website