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Reading: Tesla fell 50 spots in a poll of the US’ most reputable brands
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EV-a2z > News > Tesla fell 50 spots in a poll of the US’ most reputable brands
News

Tesla fell 50 spots in a poll of the US’ most reputable brands

EV-a2zm
Last updated: 2023/06/04 at 10:41 PM
EV-a2zm Published May 25, 2023 7 Min Read
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Tesla’s reputation has just taken a major decline in the United States, according to a new survey ranking of the most reputable brands.

Contents
Survey rankingsWhat affects Tesla’s reputation?

The report Axios Harris Poll 100: Year of the tarnished titans revealed that the Musk-led automaker plummeted 50 spots, ranking 62nd out of the 100 firms on the list. The scoring guide placed Tesla in the “good” category. 

The report indicated that Tesla obtained “excellent” scores in the categories of trajectory, vision, and products and services. It also received a “very good” score in the growth category. However, it only gained “fair” scores for trajectory, vision, and products and services categories.

@garyblack00 @GerberKawasaki @elonmusk
Tesla's brand image took a remarkable nosedive over the past year, per new Axios Harris Poll data.https://t.co/c5TxIBjfv1 pic.twitter.com/WMiYHNZOZf

— Martin Muldoon (@MuldoonMartin) May 24, 2023

In hindsight, Tesla’s reputation has only been rated between “excellent” and “very good” since 2016.

Survey rankings

The Axios Harris Poll 100 included 16,310 0 “nationally representative” Americans from March 13 to 28 as the survey respondents. It started by “surveying the public’s top-of-mind awareness of companies that either excel or falter in society.” 

The company surveyed the respondents to determine which two companies currently excel with the best reputation and which other two have the worst. Then, they compiled the data to determine the results. 

As mentioned above, the rankings considered nine categories, including character, trajectory, trust, culture, ethics, citizenship, vision, growth, and products and services.

Below are the top 100 most reputable companies:

2023 RANKCOMPANY2023 SCORE      
#1Patagonia83.5
#2Costco82.1
#3John Deere82.0
#4Trader Joe’s81.7
#5Chick-fil-A81.4
#6Toyota Motor Corporation81.0
#7Samsung81.0
#8Amazon.com80.7
#9USAA80.6
#10Apple80.6
#113M80.5
#12Sony79.8
#13Honda Motor Company79.8
#14UPS79.8
#15Microsoft79.7
#16Subaru79.4
#17American Express79.3
#18LG Corporation78.8
#19CVS (CVS Health)78.7
#20HP, Inc.78.7
#21Nike78.4
#22Adidas78.4
#23Procter & Gamble78.2
#24BMW Group78.2
#25The Home Depot78.2
#26Kellogg Company78.2
#27The Kroger Company78.0
#28Kraft Heinz Company78.0
#29Fidelity Investments77.9
#30IBM77.8
#31JPMorgan Chase & Co.77.7
#32Ford Motor Company77.6
#33Aldi77.6
#34General Motors77.5
#35Google77.4
#36Best Buy77.2
#37General Electric77.0
#38Capital One Financial Corporation76.9
#39Walgreens76.9
#40PepsiCo76.8
#41Nordstrom76.7
#42Netflix76.7
#43Lowe’s76.6
#44PayPal76.5
#45Kohl’s76.3
#46T-Mobile76.2
#47FedEx Corporation76.2
#48Starbucks Corporation75.7
#49The Coca-Cola Company75.6
#50Pfizer75.6
#51Gucci75.6
#52Nestle75.3
#53Target75.2
#54Dell75.2
#55Royal Dutch Shell75.2
#56Volkswagen Group75.1
#57Anheuser-Busch75.0
#58Delta Air Lines74.9
#59Chipotle74.8
#60Macy’s74.7
#61State Farm Insurance74.7
#62Tesla Motors74.3
#63AT&T73.9
#64Wendy’s73.9
#65Verizon Communications73.8
#66Chevron73.8
#67Chrysler73.3
#68Hobby Lobby73.0
#69Arby’s72.6
#70United Airlines72.3
#71Southwest Airlines71.9
#72McDonald’s71.8
#73Taco Bell71.7
#74Bed Bath & Beyond71.5
#75Uber71.5
#76Johnson & Johnson70.9
#77The Walt Disney Company70.9
#78eBay70.7
#79JCPenney70.6
#80Walmart70.3
#81Bank of America70.1
#82ExxonMobil68.9
#83Dollar General68.7
#84Burger King68.6
#85Shein68.2
#86Subway68.2
#87Comcast68.0
#88Wells Fargo & Company67.8
#89Dollar Tree67.3
#90Family Dollar65.6
#91Balenciaga65.5
#92BP63.5
#93Bitcoin61.1
#94TikTok61.1
#95Spirit Airlines60.1
#96Meta59.7
#97Twitter59.3
#98Fox Corporation59.3
#99FTX58.6
#100The Trump Organization52.9

As you can see in the table above, Toyota was the highest-ranked automaker on the Axios Harris Poll 100, coming in sixth among the top 100 most recognizable companies.  

Tesla was surpassed by Honda, Subaru, BMW, Ford, General Motors, and Volkswagen. Meanwhile, Chrysler placed last overall among automakers at the 67th spot.

What affects Tesla’s reputation?

Tesla CEO Elon Musk has garnered media attention for an array of issues during the past year. His turbulent $44 billion Twitter takeover and raw online image may still be having negative effects on the world’s largest automaker.

“Elon Musk’s chaotic takeover of Twitter not only pushed the social media company’s own ranking down but shook investors’ faith in Tesla by making the public more aware of Musk’s manic leadership style.”

Axios

Since then, Tesla shareholders have expressed concerns regarding the CEO’s distraction and overcommitment to his other ventures.

As EV-a2z previously reported, 17 Tesla shareholders asserted the following in an open letter to the company’s chairperson Robyn Denholm and director, Ira Ehrenpreis, in April:

“The Board allowed the CEO to be overcommitted at a time when the company faces critical challenges. Corporate boards can and should intervene if a chief executive appears to be distracted or overly focused on other ventures.”

Tesla shareholders

See Also:

  • Tesla investors demand stronger CEO commitment in an open letter
  • Tesla investors demand stronger CEO commitment in an open letter
  • Tesla recalls more than 80,000 cars in China for software and seat belt issues
  • Tesla recalls more than 80,000 cars in China for software and seat belt issues
  • Tesla wins bellwether case over Autopilot car crash

Apart from the CEO issues, Tesla was also recently hit with never-ending issues, including a recall for over 362,000 EVs in North America over self-driving software concerns in early February.

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TAGGED: Electric Vehicle, EV, Tesla, USA
EV-a2zm June 4, 2023 June 4, 2023
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