Tesla CEO Elon Musk said earlier this week during his fourth-quarter 2022 earnings call that Tesla's crash repairs are becoming increasingly affordable.
Tesla, which offers auto insurance and customizes the design of cars and their software, keeps repair costs down, Musk said.
“…The total cost of insurance or Even if the cost is improved, the impact is bigger than you think.They don't use Tesla's insurance.The GEICOs of the world have to compete with Tesla, and they give Tesla exorbitant insurance.
Tesla insurance was first offered in Arizona, California, Illinois, Ohio and Texas and last year expanded to Oregon, Virginia and Colorado, and also Maryland, Minnesota, Nevada and Utah. The annual premium rate for OEM insurance was $300 million as of March 12. January 2022, according to CFO Zach Kirkhorn.
"We're growing 20% quarter to quarter, so we're growing faster than the automotive business is growing," he said. “And in the states in which we operate, an average of 17% of customers in the states have a Tesla insurance product, and that number is growing as we spend more time in the market. And you see most adoption happens when people get a new car because they go back and have insurance for the first time instead of switching if they already have insurance "First of all, the best repair is not the repair, it's the total avoidance of accidents. Whether you buy full self-driving or not, every Tesla has the world's most advanced You get fully automated driving intelligence with active safety: - Driving for active safety and proactive collision avoidance.
"Most accidents are really minor. They're like a broken fender or a scratch on the side of a car…but the reality is that you can fix someone's car and get it done very quickly and quickly." We're working out how to get it back in your hands efficiently… …these improvements actually apply to older cars.
News Source: Business d'Or
