Wednesday, May 23, 2018

Consumer Reports to retest Tesla Model 3 after brake fix

By Vibhuti Sharma (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 stock. 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.

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