The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
There's no mistaking what Tesla thinks of Consumer Reports.
After Consumer Reports' auto team predicted Tesla's new Model 3 would have "average reliability," Tesla blasted the magazine.
"Time and time again, our own data shows that Consumer Reports' automotive reporting is consistently inaccurate and misleading to consumers," the electric-car maker said.
Tesla does have a valid complaint that Consumer Reports has yet to drive the Model 3 so it's hard to understand how it can predict the new car's reliability. But Tesla's beef with Consumer Reports goes well beyond this Model 3 prediction.
The automaker thinks Consumer Reports has conducted tests and surveys that "lack basic scientific integrity." To back up that accusation, Tesla pointed out three times since July 2016 when it says Consumer Reports published inaccurate or misleading reports.
"We have urged them multiple times to correct this, and they've refused," Tesla said. "We believe this refusal is rooted in the fact that their coverage of Tesla generates significant attention for the publication."
Has focusing on Tesla raised Consumer Reports profile? You bet. After the magazine called the Model S the best car it had ever tested, it generated massive attention. That was in 2013. When Consumer Reports praised the car, Tesla had no issues with the magazine's approach to assessing cars.
Even in 2015, when Consumer Reports downgraded the Model S reliability ranking to "worse than average," CEO Elon Musk still cited Consumer Reports statistics in defending the electric car. He tweeted, "Tesla gets top rating of any company in service. Most important, CR says 97 percent of owners expect their next car to be a Tesla (the acid test)."
At that time, Musk said Tesla had already fixed some of the issues that Consumer Reports had included in their assessment.
Now that Tesla has ripped Consumer Reports' integrity, the question is whether it will change how the magazine's auto team views Musk's company or the Model 3.
For now, Consumer Reports is not responding to Tesla's complaints.
As for the Model 3, Jake Fisher, the head of Consumer Reports auto team says, "We are going to be purchasing one of these cars, we will be testing it and if it tests ok it may be a vehicle that could be recommended."