9 years ago
Tesla shares plunge after Consumer Reports drops Model S recommendation
Tesla shares plunged more than 15% after Consumer Reports announced it was withdrawing its recommendation of the company's flagship Model S P85D electric sedan. The price of Tesla shares had climbed by the closing bell, but it still ended the day down 6.6%. The consumer products ratings publication gave the $104,000 electric car a "worse-than-average" rating in its latest report about the predicted reliability of new vehicles.
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