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 […]
Center for Auto Safety and Consumer Watchdog Request FTC Investigation into Tesla Autopilot
The Center for Auto Safety and Consumer Watchdog today called on the Federal Trade Commission to investigate what they say are dangerously misleading and deceptive advertising and marketing practices and representations made by Tesla Motors, Inc. regarding the safety and capabilities of its Autopilot feature. At least two people are dead and one is injured […]
Tesla Now Says Company-Owned Collision Repair Centers Coming in 2018
In a letter to investors accompanying their first quarter earnings release, Tesla said it still plans on opening company-owned body shops. Last year, responding to online criticism about the backlog of body repairs for its vehicles, Tesla announced it would open collision repair centers during 2017. The company has been unable to meet its ambitious […]
Consumers Union Calls on Tesla to Improve Safety of “Autopilot” Driver-Assist System
Consumers Union, the advocacy division of Consumer Reports (CR), called on Tesla to move quickly to improve the safety of its “Autopilot” driver-assist system and to publicly release the detailed data behind the company’s safety claims. The company recently acknowledged that this technology was engaged at the time of a recent fatal crash in California, […]
Spanesi Collision Repair Equipment Approved by Tesla
On January 16, Tesla, Inc. announced they have added three new Spanesi structural repair benches and the Touch Measuring System to their OEM approved equipment list, for Tesla Approved Body Shop program. “Spanesi is excited to be a part of approved list of collision repair equipment recognized in the Tesla Approved Body Shop program,” states […]