There was some hullabaloo over Consumer Reports recent review of long-term usage of Tesla Motors Inc (NASDAQ:TSLA)‘s Model S, in which the influential magazine said that the car has some minor issues. Tesla Motors Inc (NASDAQ:TSLA) and its CEO, Elon Musk, have shrugged of the review. Even Tesla Motors Inc (NASDAQ:TSLA)’s investors didn’t take the report seriously, as the company’s stock hasn’t had any significant negative impact after the review was released. Bretty Liu reported on the response from Tesla Motors Inc (NASDAQ:TSLA) and its CEO to the Consumer Reports’ review on Bloomberg today.
“[…] Tesla Motors Inc (NASDAQ:TSLA)’s Chairman and CEO, Elon Musk, he is shrugging of the criticism of his Model S by the magazine Consumer Reports and so are investors. Tesla Motors Inc (NASDAQ:TSLA)’s shares are trading at an all time high. Consumer Reports said that minor problems appeared in the Model S after months of driving. Tesla Motors Inc (NASDAQ:TSLA)’s response, the company says its always addressing potential issues, even when there is only a small chance of them developing into problems. Plus, the company says, Consumer Reports and other owners benefit from Tesla Motors Inc (NASDAQ:TSLA)’s comprehensive warranty,” Liu said.
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