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. "If Tesla can update the brakes over the air - an industry first - we'd be happy to retest our Model 3," said Jake Fisher, Consumer Reports' director of automotive testing. In mass-market mid-sized cars, vehicles recommended by Consumer Reports account for over 80 per cent of the category's sales volume, Barclays analyst Brian Johnson wrote in a client note. Musk said he would ask Consumer Reports to retest using a more recently built car. Tesla has had a fraught relationship with Consumer Reports in the past.

Source: CBC News May 22, 2018 15:11 UTC