Excerpted from Whitney Tilson’s latest email to colleagues on Tesla Inc. (NASDAQ:TSLA)
The anecdotal data on Tesla is all over the place – I don’t know what to make of it. One friend writes:
Out of my 30+ friends who’s got a Tesla, a majority of them fall into the following categories:
- Tesla had to buy back because of lemon law.
- Customer told Tesla he/she would sue and/or pursue lemon law, so Tesla bought back the car pre-emptively.
- Car died and Tesla won’t fix, so it’s sitting still like a brick.
- Spouse doesn’t dare to drive the car anymore because it tends to break down and require a tow, way too often.
- Owner is insanely unhappy with quality / service / repair and/or the sharply rising insurance bill.
Yes, I have a few friends who are happy with theirs. It’s not 10%, but it’s not 50% either. Perhaps a third. They’re happy — for now. But just wait until it hits them 🙂 …
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