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Search resuls for: "Tesla Insurance"


5 mentions found


☆ Tesla launched its own car insurance. These drivers say it's a lemon.
  + stars: | 2023-11-21 | by ( ) www.reuters.com   time to read: +20 min
Tesla Insurance, launched in 2019 by the electric-car company, has promised policyholders “vastly better” service than rivals, as Tesla chief Elon Musk put it in April 2022. “What do they have, three people answering phone calls?”Complaints about Tesla Insurance are drawing scrutiny from state regulators and the plaintiffs’ bar. And there’s no way to know exactly how many have been made against Tesla Insurance and how its record compares with competitors’. That fall, Tesla launched InsureMyTesla, a new insurance offering for U.S. Tesla owners, in partnership with Liberty Mutual Insurance Co. Lester F. Aponte, a Los Angeles attorney who signed up for Tesla Insurance in August, described a maddening ordeal to obtain proof of insurance.
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☆ Tesla, insurers take different paths to deal with expensive repairs
  + stars: | 2023-01-26 | by ( Paul Lienert | ) www.reuters.com   time to read: +4 min
Jan 26 (Reuters) - Tesla Inc's (TSLA.O) electric vehicles are expensive to repair - so much so that the automaker and insurers are addressing the issue in sharply different ways. Chief Executive Elon Musk says Tesla is making design and software changes to its vehicles to lower repair costs and insurance premiums. Insurance carriers, meanwhile, are writing off low-mileage Tesla Model Ys that have been in crashes, and sending them to salvage auctions after deeming many too expensive to repair. "It's remarkable how small changes in the design of the bumper (and) providing spare parts needed for collision repair have an enormous effect on the repair cost," he said. Insurance companies contacted by Reuters either declined to comment or did not respond immediately to requests.
☆ Elon Musk reiterates his belief that Tesla will 'be the most valuable company on earth' amid record quarter for the EV maker
  + stars: | 2023-01-26 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +3 min
Elon Musk reiterated his belief that Tesla will be "the most valuable company on earth." Tesla stock is down 59% from its 52-week high, but has rallied nearly 30% year-to-date. The better-than-feared earnings report helped push Tesla stock up as much as 12% on Thursday. The future is very exciting... long term, I am convinced that Tesla will be the most valuable company on earth," Musk said. For Tesla to become the most valuable company on earth today, it would have to surpass Apple's current market valuation of $2.2 trillion, which would equate to a Tesla stock price of about $698.
☆ Exclusive: Tesla to keep output at upgraded Shanghai plant below maximum -sources
  + stars: | 2022-09-27 | by ( ) www.reuters.com   time to read: +3 min
Since the plant opened in its second largest market in late 2019, Tesla has sought to run the facility in China's commercial hub at full capacity, and recently upgraded its weekly output by 30%, to a maximum of 22,000 vehicles. Register now for FREE unlimited access to Reuters.com RegisterTesla did not immediately respond to a request for comment on Tuesday. The upgraded factory can produce 14,000 Model Ys and 8,000 Model 3s, the sources added. Now Tesla plans to turn out 20,500 units a week for the rest of the year, for a total of 13,000 Model Ys and 7,500 Model 3s, the sources said. Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020.
☆ EXCLUSIVE Tesla to keep output at upgraded Shanghai plant below maximum -sources
  + stars: | 2022-09-27 | by ( ) www.reuters.com   time to read: +2 min
Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. Since the plant opened in its second largest market in late 2019, Tesla has sought to run the facility in China's commercial hub at full capacity, and recently upgraded its weekly output by 30%, to a maximum of 22,000 vehicles. The upgraded factory can produce 14,000 Model Ys and 8,000 Model 3s, the sources added. Tesla has sought to keep it running at full capacity, except during the upgrade and a city-wide COVID-19 lockdown for two months this year. Now Tesla plans to turn out 20,500 units a week for the rest of the year, for a total of 13,000 Model Ys and 7,500 Model 3s, the sources said.
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