GMBStaff
21 Dec 23
This article highlights Tesla's mishandling of chronic vehicle defects that had been observed for at least seven years, impacting its vehicles worldwide. The automaker had failed to acknowledge and address the frequent failures of suspension or steering parts that tens of thousands of customers face...
This article highlights Tesla's mishandling of chronic vehicle defects that had been observed for at least seven years, impacting its vehicles worldwide. The automaker had failed to acknowledge and address the frequent failures of suspension or steering parts that tens of thousands of customers faced. Instead, Tesla chose to shift the blame to the drivers, claiming they abused the vehicles, leading to an investigative report by Reuters. Furthermore, the article details how Tesla had resolved 400 complaints related to a faulty part in China during 2016-2020, but failed to issue a recall in the U.S. and Europe despite regulatory pressure. This article underscores the persistent issues of customer relations and corporate responsibility, shedding light on Tesla's handling of vehicle defects and its impact on consumer trust.
More about Tesla Inc
Tesla, Inc. is an American electric vehicle and clean energy company with a strong presence in the plug-in and battery electric car segments. In 2020, Tesla captured 16% of the plug-in market and 23% of the battery-electric market, indicating a strong market share. The company is also a major installer of solar photovoltaic energy generation systems and one of the largest global suppliers of battery energy storage systems. Tesla's financial metrics include a market cap of $785.64 billion, a stock price of $79.98, a P/E ratio of 3.09, and a dividend yield of 0.112. The stock has shown a strong performance with a 2020 revenue of $95.92 billion and a stock price of $224.53. However, the stock has a negative EPS growth rate of -0.442, indicating potential risks. Overall, Tesla's market sentiment is positive due to its strong market share and presence in the electric car and clean energy sectors, but potential risks should be considered.
Disclaimer:This is not financial advice. Please do your own research before investing in any asset.