Tesla Insurance: Tesla, insurers take different paths to deal with expensive repairs

  • Home
  • Insurance
  • Tesla Insurance: Tesla, insurers take different paths to deal with expensive repairs
Tesla Inc’s 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.

During Tesla’s…

Continue reading this news update.

Comments are closed