UPDATE 4-Consumer Reports to retest Tesla Model 3 after brake fix [Reuters]
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Source: Reuters
Consumer Reports to retest Tesla Model 3 after brake fix | Reuters 3 Min Read (Reuters) - Consumer Reports said Tuesday it will retest brakes on Tesla Inc’s new Model 3 sedans after Chief Executive Elon Musk promised a software update, but the potential hit to sales from the magazine’s negative review weighed on Tesla shares. A review by the influential magazine on Monday said the car, despite many positives, had “big flaws,” including braking slower than a full-sized pickup truck. That criticism adds to headaches for Musk, already facing pressure over a series of crashes, production issues, and the company’s finances. “If Tesla can update the brakes over the air - an industry first - we’d be happy to retest our Model 3,” said Jake Fisher, Consumer Reports’ director of automotive testing. In mass-market, mid-sized cars, vehicles recommended by Consumer Reports account for over 80 percent of the category’s sales volume, Barclays analyst Brian Johnson wrote in a client note. Musk in a t
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