Tesla’s (NASDAQ:TSLA) ‘Puffs’ Agency Safety Analysis
Tesla (NASDAQ:TSLA) claimed its M3 EV has the lowest risk of occupant injury of any vehicle in US government tests, but the National Highway Traffic Safety Administration (NHTSA) Tuesday said Tesla’s claim goes beyond the scope of its analysis.
The auto safety’s agency’s 5-Star Safety Ratings Program uses three crash tests and a rollover resistance assessment to come up with an overall ranking.
The M3 achieved the Top rating, 5-Stars, on that ranking along with other vehicles including: Volvo S60, Toyota Camry, Honda Accord, Honda Civic, Volkswagen Jetta and Ford Mustang cars.
“NHTSA does not distinguish safety performance beyond the Star rating with 5 Stars being the highest safety rating a vehicle can achieve. Thus, there is no NHTSA ‘safest’ ranking within the five-star category,” the agency said
Sunday, Tesla (TSLA) said in a blog post, “NHTSA’s tests also show (the Model 3) has the lowest probability of injury of all cars the safety agency has ever tested.”
That claim prompted numerous blogs and commentators to call the M3 the “safest ever” vehicle.
Tesla said it had engineered the car to be “the safest car ever built.” And that stretched the NHTSA’s rating on the M3 way beyond its scope, more hype from Tesla and its CEO, Elon Musk.
Tuesday, Tesla its assessment was calculated using publicly available data, taking the weighted average of crash scores to calculate a vehicle safety score and then multiplying it by a baseline injury risk value.
Tesla’s analysis also said that its M-S and M-X, also had a lower probability of injury than all other vehicles tested by NHTSA.
In November 2013, NHTSA blocked automakers from promoting vehicle safety ratings of more than 5-Stars, 3 months after Tesla touted the score on its M-S.
NHTSA is considering changes to its 5-Star crash assessment program and said it needs “to be modernized to incentivize the voluntary adoption of safety features.” The agency is considering creating safety ratings for areas of vehicle performance not currently rated.
But, but as long a Tesla is in production, do not expect its PR department not the puff up the benefits of owning 1 of its EVs.
Analyst’s Note: On 7 August 2018 on the heals of Mr. Musk’s ‘420’ Tweet we targeted the stock at 250/share, on 8 October it hit 249, we hit our target, and now after assessing the future of this bleeding Unicorn, our new call is 100-75.
There is no market support for TSLA under 260.01 and what there is there is very soft.
The company is no longer an investment , it is s speculation by market professionals, be cautious.
|NASDAQ:TSLA||262.8||9 October 2018||12.24||255.25||266.77||253.3||12,060,500|
|HeffX-LTN Analysis for TSLA:||Overall||Short||Intermediate||Long|
|Bearish (-0.37)||Neutral (-0.21)||Bearish (-0.33)||Very Bearish (-0.56)|
Latest posts by Paul Ebeling (see all)
- Some Tips to Speed Through Airport Security - June 17, 2019
- Box Office: ‘Men in Black: International’ Disappoints with $28.5-M - June 16, 2019
- Le Mans: Alonso, Buemi and Nakajima Repeat Win for Toyota - June 16, 2019