Vehicle manufacturer says it will expand insurance to other states in the future. In a blog post yesterday, Tesla announced it was introducing Tesla Insurance to owners in California. Elon Musk, the founder of the electric vehicle manufacturer, had announced during an earnings conference call in April that the company was planning to offer an […]
Consumer Reports Says Government Documents Show Safety Failures by Tesla
Says NHTSA must do more to hold companies accountable, update 5-star rating program. Consumer Reports yesterday said that emails and other government documents released publicly for the first time show failures by Tesla regarding its safety claims and the performance of Autopilot, and the documents reveal that the National Highway Traffic Safety Administration (NHTSA) must […]
Consumer Reports Says Tesla AutoPilot Needs Immediate Changes, Calls for NHTSA Defect Inquiry
Consumer Reports is calling for changes to Tesla’s Autopilot driver assistance system in the wake of a preliminary report May 16 from the National Transportation Safety Board (NTSB) on the fatal March 2019 crash of a Tesla Model 3 with a semi-trailer in Delray Beach, Fla. The report indicated that the Autopilot driver-assist system was […]
Tesla Adds Lane Keeping Functionality to Supplement Autopilot
Tesla announced on its blog that it was introducing two new safety features designed to help prevent drivers from inadvertently departing their lane, which the company says its data shows is a common cause of accidents when Autopilot feature is not engaged. The new features, Lane Departure Avoidance and Emergency Lane Departure Avoidance, help drivers […]
Tesla Plans to Launch Insurance Product Next Month
In response to a question during its quarterly earnings conference call, Tesla founder Elon Musk explained that the electric vehicle manufacturer was planning to launch an insurance product for Tesla owners. Last year, Tesla began opening its own collision repair centers. When asked if Tesla was considering creating an insurance program to simplify the ownership […]
Consumer Reports Says Tesla Must Prove Safety Before Claiming Self-Driving Ability
Following a Tesla investor event yesterday that included demonstrations of the vehicle manufacturer’s driving automation technology, Consumer Reports called on the company to prove the safety of its technology and stop using the public as guinea pigs testing new systems. As part of an event with investors, Consumer Reports was concerned the company said that […]
Elon Musk Settles SEC Fraud Charges
Settlement requires Musk to step down as Tesla’s Chairman; Tesla to appoint additional independent directors; Tesla and Musk agree to pay $40 Million in penalties. The Securities and Exchange Commission announced September 29 that Elon Musk, CEO and Chairman of Silicon Valley-based Tesla Inc., has agreed to settle the securities fraud charge brought by the […]
Elon Musk Charged with Securities Fraud for Misleading Tweets on Taking Tesla Private
The Securities and Exchange Commission yesterday charged Elon Musk, CEO and Chairman of Silicon Valley-based Tesla Inc., with securities fraud for a series of false and misleading tweets about a potential transaction to take Tesla private. On August 7, 2018, Musk tweeted to his 22 million Twitter followers that he could take Tesla private at […]
HLDI Reports Tesla Model S with Advanced Features Have Fewer Physical Damage Claims
According to the a report by the Highway Loss Data Institute (HLDI) detailed in the Insurance Institute for Highway Safety (IIHS) Status Report, the combined crash avoidance features on the Tesla Model S are reducing third-party physical damage and injury liability claims. Tesla’s “Autopilot” is limited to lowering collision claims. HLDI compared the claims experience […]
Tesla’s Musk Says Company-Owned Collision Repair Centers Opening in Top 10 U.S. Markets this Month
Promises dramatic improvement in cost and time for body repairs. At Tesla’s 2018 Annual Shareholder Meeting on Tuesday, Elon Musk, Tesla’s Chairman and CEO, provided an update on the vehicle manufacturer’s previously announced plans to open its own collision repair centers. In response to a question about the the expansion of Tesla service centers and […]