Boston, MA, 11/21/2013 (wallstreetpr) – In the past few months beginning Sept. to now Nov., Tesla Motors Inc (NASDAQ:TSLA) has seen a lot of press coverage of its business and more so the safety issues around Model S. The company manufactures all-electric cars and it’s the youngest entrant into the U.S. auto market with cars which don’t ask owners for fuel. The good press has been about how Tesla Motors Inc (NASDAQ:TSLA) is expanding its markets and production efficiency but media focus on these positive developments have been limited. However, a lot of bad press has been spun out of proportion to talk about the company’s dwindling earnings figures and alleged risk of driving Model S. The negative coverage on the company is based on three fires that have been reported in Model S within a span of less than two months. Unfortunately, investors have been buying more into the bad press, thus piling pressure on the ticker.
But a consumer survey released Thursday, Nov. 21, is expected to alter the way investors and consumer view Tesla Motors Inc (NASDAQ:TSLA) and its flagship car, Model S. The influential magazine Consumer Report carried out a survey on which respondents issued a near-perfect rating of Model S at 99 out of possible 100.
These survey results which will be published in Consumer Report’s January issue out next week, offer a rare and much needed good news for Tesla Motors Inc (NASDAQ:TSLA) which has had a tough time warding off challenges upon challenges over the safety of it cars. The concern over Model S had gone too far to the point that company decided on inviting the U.S. regular to probe the fire incidents so that it can put to rest the debate of the safety of the car.
Tesla Motors Inc (NASDAQ:TSLA) shares have declined 37% October to date, largely due to the negative coverage of the fires.
