Sign up for a daily newsletter defining what matters in business and markets

Stories

Tesla stock falls along with Model 3 Consumer Reports rating

Consumer Reports says it will no longer recommend the technology-laden Tesla Model 3 based on complaints from car owners, sending its stock tumbling nearly 2%.

Why it matters: Problems with the Model 3's electronics and body fit-and-finish are typical for new models and not surprising given CEO Elon Musk's frequent description of "production hell" last year. A Tesla spokesperson tells CNBC most of the issues have already been corrected through design and manufacturing improvements.