Tesla Motors Inc (TSLA): Why Kevin O’Leary Is Worried About Driving Model S


If there’s one worry a Tesla Motors Inc (NASDAQ:TSLA) car brings to Kevin O’Leary’s mind, it’s about the car’s battery being where he sits. The point was raised by the businessman of “Shark Tank” as he and the “Squawk Alley” team on CNBC were discussing the latest review of the Tesla Motors Inc (NASDAQ:TSLA) Model S by Consumer Reports.

O’Leary pointed out that he was in a Tesla Motors Inc (NASDAQ:TSLA) showroom and was choosing colors for a car when a woman approached him and asked him whether or not he is worried about his ‘package’ realizing he will be sitting on top of what may be the world’s biggest battery pack for a car. O’Leary noted that he is now wondering about this, though he seriously considers getting a Model S.

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Meanwhile, in the review, Consumer Reports said that the Model S has “more than its share of problems“. Though the organization said that members of its staff who have driven the car have “raved about this car, impressed with its smoothness, effortless glide, and clever, elegant simplicity,” it also pointed out “a few quirks”. Consumer Reports said that, for example, the retracting door handles of the car that are programmed to “reach out” to the owner as he or she approaches sometimes failed to emerge from their compartment.

Discussing this review, Jon Fortt said that the Consumer Reports recommendation in the past was one major reason he seriously looked at buying his own Tesla Motors Inc (NASDAQ:TSLA) Model S. Now that this review has come from the organization, he wonders whether or not a lot of buyers will be pushed to think twice about buying the car.

However, Kayla Tausche said that a Tesla Motors Inc (NASDAQ:TSLA) car is a trophy asset. She said that people who buy a Tesla do so more because they want people to see them driving the car. A Consumer Reports recommendation is not the ‘make or break’ factor for people who buy this car, she added.

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