1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Tesla, Inc.
  6. News
  7. Summary
    TSLA   US88160R1014

TESLA, INC.

(TSLA)
  Report
Real-time Estimate Cboe BZX  -  01:10 2022-08-19 pm EDT
885.99 USD   -2.49%
08:49aTesla Reportedly Adds 48 Supercharging Stations in China in July
MT
08:11aIndonesian President Reportedly Wants Tesla to Build Electric Cars in Indonesia
MT
08:09aGM restores quarterly dividend after more than two years
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

U.S. vehicle quality hits 36-year low as supply, labor woes continue - J.D. Power

06/28/2022 | 12:04pm EDT
FILE PHOTO: Traffic moves along a freeway as vehicles travel towards Los Angeles

(Reuters) - The quality of vehicles sold in the United States fell to a 36-year low in 2022, according to automotive consultant J.D. Power, as labor shortages and supply snags continued to impact automakers.

Major automakers have been struggling to deal with supply chain disruptions and a shortage of workers in their plants since the onset of the COVID-19 pandemic in 2020.

The study, which collected data from 84,165 purchasers and lessees of 2022 model-year vehicles, reported that problems per 100 vehicles (PP100) rose 11%, 18 PP100 worse than last year. A lower score reflects higher vehicle quality.

"Given the many challenges automakers and their dealers had to face in the past year, it is somewhat surprising that initial quality did not fall even more dramatically," said J.D. Power's director of global automotive, David Amodeo.

General Motors Co's Buick ranked the highest in terms of improvement in initial quality among automakers, while Stellantis NV's Chrysler ranked the lowest.

The report also added that owners of battery-electric vehicles (BEV) and plug-in hybrid vehicles (PHEVs) cited more problems in their vehicles when compared to owners of internal combustion engine (ICE) models.

Tesla Inc, which was included in the study for the first time, scored 226 PP100 compared to Polestar, which scored 328 PP100. GM's Buick scored 139 PP100.

J.D. Power's quality survey is based on 2022 model-year vehicles studied early in their ownership period with data collected from February through May.

(Reporting by Nathan Gomes in Bengaluru; Editing by Krishna Chandra Eluri)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
POLESTAR AUTOMOTIVE HOLDING UK PLC 0.22% 9.2 Delayed Quote.-21.37%
TESLA, INC. -2.58% 886.2084 Delayed Quote.-14.02%
All news about TESLA, INC.
08:49aTesla Reportedly Adds 48 Supercharging Stations in China in July
MT
08:11aIndonesian President Reportedly Wants Tesla to Build Electric Cars in Indonesia
MT
08:09aGM restores quarterly dividend after more than two years
RE
12:19aAustralia to target vehicle emissions to boost electric car supply
RE
08/18Indonesia president wants Tesla to make EVs in country - Bloomberg News
RE
08/18Australia to target vehicle emissions to boost electric car supply
RE
08/18Musk targets ad tech firms in Twitter suit over takeover deal
RE
08/18U.S. seeks information from Tesla on cabin camera in Autopilot probe
RE
08/18Musk targets ad tech firms in Twitter suit over takeover deal
RE
08/18TESLA CONFIRMS PLAN TO LAUNCH ELECTR : Electrek
MT
More news
Analyst Recommendations on TESLA, INC.
More recommendations
Financials (USD)
Sales 2022 84 861 M - -
Net income 2022 12 525 M - -
Net cash 2022 19 851 M - -
P/E ratio 2022 86,1x
Yield 2022 -
Capitalization 949 B 949 B -
EV / Sales 2022 10,9x
EV / Sales 2023 7,73x
Nbr of Employees 99 290
Free-Float 82,8%
Chart TESLA, INC.
Duration : Period :
Tesla, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TESLA, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 37
Last Close Price 908,61 $
Average target price 912,28 $
Spread / Average Target 0,40%
EPS Revisions
Managers and Directors
Elon Reeve Musk Technoking of Tesla
Zachary J. Kirkhorn Master of Coin & Chief Financial Officer
Robyn M. Denholm Chairman
Ira M. Ehrenpreis Independent Director
James Rupert Murdoch Independent Director
Sector and Competitors
1st jan.Capi. (M$)
TESLA, INC.-14.02%949 034
NIO INC.-37.15%32 900
RIVIAN AUTOMOTIVE, INC.-65.38%32 891
LUCID GROUP, INC.-52.09%30 495
LI AUTO INC.-3.93%30 057
XPENG INC.-56.17%18 987