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Tesla vehicles had more problems than last year

But at least it’s not Dodge.

Rani Molla

Typically, electric vehicles — likely owing in part to their new tech — have more problems than gas-powered cars. But while Tesla had performed better than the electric cars produced by traditional manufacturers, its quality this year has gotten worse, so now Teslas and EVs from traditional companies are performing equally poorly.

This year Tesla had 266 problems per 100 vehicles, according to J.D. Power’s 2024 Initial Quality Study, released this week. That’s up from 242 per 100 last year. The consumer data company blames Tesla’s decline on the removal of traditional controls like turn signals and wiper stalks, which have aggravated consumers.

The study average was 195.

“Owners of cutting edge, tech-filled BEVs and PHEVs are experiencing problems that are of a severity level high enough for them to take their new vehicle into the dealership at a rate three times higher than that of gas-powered vehicle owners,” Frank Hanley, senior director of auto benchmarking at J.D. Power, said in a statement.

Tesla has issued eight recalls already this year, according to National Highway Traffic Safety Administration data, including four for its Cybertruck.

But hey, at least it’s not Dodge. The Stellantis brand was at the bottom of the list with more than 300 problems per hundred vehicles (Stellantis’ truck brand Ram was at the top, with just 149 problems per 100).

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Amazon doubles down on groceries with new private-label collection, sending grocery stocks lower

Amazon on Wednesday launched Amazon Grocery, a new private-label food brand that combines its Fresh and Happy Belly lines into one collection.

The label covers more than 1,000 staples, from milk and eggs to olive oil and fresh meat, with most items priced under $5. Shares of Amazon were little changed, but grocery-selling rivals Target, Walmart, and Kroger all slipped around 2% following the announcement. Costco also slipped about 1%.

The launch highlights Amazon’s growing push into both grocery and private-label essentials as more customers trade down to cut costs. In August, the e-commerce giant added perishable groceries to same-day delivery in 1,000 cities and towns across the country.

At the same time, Amazon said shoppers purchased 15% more private-brand products in 2024 compared to the previous year across Amazon.com, Whole Foods Market, and Amazon Fresh.

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Ford sales climb for 7th straight month as EVs hit a quarterly record on tax credit expiration

September marked another banner month for Ford’s electric vehicle business, with EV sales climbing 85% from the same month last year to more than 11,700 units.

For the third quarter as a whole, Ford’s electrified unit sales grew nearly 20%. That’s the division’s best Q3 on record, boosted by the looming end of the $7,500 federal tax credit on Tuesday. Ford, with rival GM, has found some ways to extend that credit in the hopes of keeping sales stable.

Overall, Ford sales rose 8.2% on the quarter, and September was the automaker’s seventh straight month of sales gains. Ford sales have been buoyed this year by panic buying: first from fears of tariff price hikes (and Ford’s strong incentives), and lately from the EV credit expiration.

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