The summary of the conversation revolves around the work of Consumer Reports, a non-profit organization that tests a wide range of products for safety and effectiveness. The organization has been in operation since 1936 and has tested over 2,000 products annually. They employ around 600 testers, journalists, scientists, and investigators, who work in 60 labs across the country.
Consumer Reports tests a variety of products, from bike helmets and dishwashers to exercise treadmills and cars. They also conduct tests on secondhand products to ensure their safety. The organization's annual testing budget is over $30 million, funded mostly by its 6 million members who pay $30 to $59 a year to subscribe to the magazine or website.
The organization has a significant influence on the market, as evidenced by its impact on the auto industry. For instance, their tests have led to the inclusion of crash avoidance systems in many vehicles. They also played a crucial role in the recall of the Fisher Price Rock n Play sleeper, which led to the death of nearly 100 infants.
Consumer Reports also has a presence on YouTube and TikTok, where they share their product reviews and safety tips. Their testers are not beholden to any company and are unafraid to take on popular and lucrative products.
In the future, Consumer Reports plans to investigate the range claims of electric vehicles, including those made by Elon Musk.
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