TECH - Tesla Loses Lead In EV Quality Among Peers: Auto Expert Pins It On Removal Of Stalks For Buttons | Benzinga
EV giant Tesla Inc (NASDAQ:TSLA) has lost its edge in terms of vehicle quality over EVs made by rival OEMs, as per automotive industry consultant JD Power.
What Happened: As per J.D. Power’s 2024 U.S. Initial Quality Study, gas and diesel-powered vehicles have an average of 180 problems per 100 vehicles, much lower than EVs which face 266 problems per 100 (PP100) vehicles on average.
"Owners of cutting edge, tech-filled BEVs and PHEVs are experiencing problems that are of a severity level high enough for them to take their new vehicle into the dealership at a rate three times higher than that of gas-powered vehicle owners," Frank Hanley, senior director of auto benchmarking at J.D. Power, said.
Tesla Drops Lead: Tesla and Rivian’s quality now stands at 266 PP100, implying that the quality disparity between Tesla and non-Tesla EVs is closed this year. Tesla had performed better than others in the past.
The reason, ...