Tesla Model 3 Losing Top Safety Designations
Tesla Motors' (NASDAQ: TSLA) Model 3 sedan is losing some of its luster. The popular electric vehicle (EV) has been dropped by Consumer Reports as one of its Top Picks, and the Insurance Institute of Highway Safety (IIHS) plans to strip it of the organization's Top Safety Pick+, its highest-level award.
These developments closely follow the company's announcement earlier this week that it is replacing radar in the relatively low-cost model with the camera-based Tesla Vision system. It is doing the same with the Model Y SUV, again a comparatively budget offering in its category.
Image source: Tesla Motors.
Source Fool.com
