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GM Wins, Tesla Loses in Latest J.D. Power Report

TheMotleyFool

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GM Wins, Tesla Loses in Latest J.D. Power Report: https://g.foolcdn.com/editorial/images/691443/the-buick-encore-gx-jd-powers-best-ranked-small-suv-for-initial-quality-is-general-motors.jpg

So here's the good news for Tesla (NASDAQ: TSLA) investors this week: Reporting earnings for its infamously difficult second fiscal quarter 2022, Tesla managed to dodge a lot of bullets. Despite struggling to keep its Chinese gigafactory open in the midst of a COVID outbreak, the electric car giant grew global sales 43% year over year and earned a bigger profit than most folks on Wall Street expected.

But now here's the bad news: Behind the numbers lies a troubling story for Tesla.

The Buick Encore GX, J.D. Power's best-ranked small SUV for initial quality -- and Tesla's nemesis? Image source: General Motors.

Source Fool.com

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