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Model S Owner Endures Insurance Woes Over Repairs

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A minor accident turned into a major repair headache for this New York based Tesla owner.

A minor accident turned into a major repair headache for this New York based Tesla owner. (Source: Standard Code)

Last month, a Tesla Model S owner documented a small accident in Midtown Manhattan and surprised the TMC discussion board by revealing that his car was to be declared a total-loss by his insurance company, Costco Insurance Agency. The damage occurred to the outside of the wheel-well, the tire and the certified shop also claimed some damage to the suspension, see image above.

From the surface, it looked to be a small amount of work but the total bill after being sent to a certified Tesla repair shop was $30,000, which included $10,000 in parts and $20,000 in labor. The kicker was that Costco Insurance initially decided they’d rather declare the car a total loss than pay $30k+tax for repair.

So the discussion on the board turned to replacement value with his insurance company and this is where the frustration started. The owner documented the back-and-forth with his insurance company and realized that it would be quite a financial hit with the replacement option. The owner originally paid $104,000 for Model S85 and received it in December 2013.

According to the owner, the insurance company had no Kelly Blue Book value to lean on and wielded its own internal formula for the car’s value. The Tesla discussion board and owner calculated a $75,000 replacement value for his year-old car, which included sales tax. The owner, known as standardcode, was not really happy with that amount due to his financing, which had him on the hook for another $70,000 US Bank for the car. There was a lot of discussion on depreciation and commenters felt the depreciate in this case was pretty accurate.

The thread generated many other related topics. Some discussion centered around the owner’s initial frustration with Tesla’s pre-paid service agreement that’s not transferrable to another car or owner. However, the owner said that after talking with Tesla Motors during this process that they would prorate his agreement to his next purchase.

Also, others mentioned on the board that other luxury cars would not have been totaled due to such a small amount of bodywork, but some pointed out that a new Model S means the ability to add recently added features (can you say P85D).

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Throughout December 2014, we have been talking with standardcode and found out the ordeal was still fluid and the insurance company was reconsidering (Clean Technica reported it was a done deal). Early this month, standardcode told me that Ameriprise reconsidered and did pay for the repairs that came to $35,000.

In an email to Tesla Motors this month, the owner wrote, “the body shop was obviously good at what they do and they communicated well too. They even sent me pictures of the work constantly. Having said that I still think $35,000 to repair the damage my car had is very high and I do still think that Tesla as a company needs to worry about the full ownership lifecycle including repairs etc.”

He went on to write, “All in all, I recognize that it was Ameriprise that caused me the headaches here and wasted a lot of my time.”

Standardcode picked up his repaired car in early January and mentioned “the most important lesson I learned is to have better insurance with replacement value. I guess there’s some legal risk to it but I’d have appreciated advice on which insurance is best when I first purchased the car.”

This tale, to me, is all about growing pains for a low-volume automaker. There’s been discussion about the car’s aluminum body as a reason for the high cost for parts and also the lack of certified Tesla body shops at this point for driving up repair costs? In Chicago, there’s only one certified body shop in the metro area.

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What about your experiences? What has your experience been like with insurance companies and certified repair shops?

Addendum:
taurusking via the TMC discussion board mentioned that State Farm , AllState and Geico were top rated but the website did not specify by region. I switched from Geico ( was very happy with their customer service ) mainly because Liberty Mutual offers Better Car Replacement pkg.

"Grant Gerke wears his Model S on his sleeve and has been writing about Tesla for the last five years on numerous media sites. He has a bias towards plug-in vehicles and also writes about manufacturing software for Automation World magazine in Chicago. Find him at Teslarati

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Tesla gets new Street-high price target with high hopes for autonomy domination

“We believe Tesla could reach a $2 trillion market cap early 2026 in a bull case scenario and $3 trillion by the end of 2026 as full-scale volume production begins of the autonomous and robotics roadmap.”

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Credit: Tesla Europe and Middle East | X

Tesla (NASDAQ: TSLA) received a new Street-high price target from Wedbush’s Dan Ives today, who cited high hopes for the company’s prowess in the autonomous sector.

Ives boosted his price target from $500 to $600 today, reflecting the firm’s view that “an accelerated AI path for the company is now on the horizon and investors are underestimating the transformation underway at the company.”

In a new note written to investors on Friday, Ives cited that Tesla’s next stage of growth has arrived as Elon Musk has re-entered his role as a “wartime CEO,” which gives the company a huge advantage over its competitors.

Musk, when fully committed to Tesla, does his best work, and Ives believes the company’s mark on the autonomous sector will continue to expand with the help of the Trump White House.

He wrote:

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“Musk is now driving Tesla into its next stage of growth as ‘wartime CEO,’ and we expect Robotaxis to be rolled out aggressively to over 30 US cities within the next year. We estimate the AI and autonomous opportunity is worth at least $1 trillion alone for Tesla, and we fully expect under a Trump White House over the coming yea,r these key initiatives will now get fast-tracked as the federal regulatory spiderweb that Musk & Co. have encountered over the past few years around FSD/autonomous clears significantly under Trump. Trump wants the US to stay ahead of China in this AI Arms Race, and autonomous is a key factor in who wins AI….with Tesla playing a major role on Robotaxis.”

Most of the note focused on the long-term outlook for Tesla, which is where some of the most drastic claims were made, including ones that estimated a monstrous valuation for the company moving forward.

Ives said Wedbush is under the impression that Tesla could reach a $2 trillion market cap as early as the beginning of 2026 and a $3 trillion valuation by the end of the year. This growth will be primarily driven by the AI portion of the company’s projects:

“We believe Tesla could reach a $2 trillion market cap early 2026 in a bull case scenario and $3 trillion by the end of 2026 as full-scale volume production begins of the autonomous and robotics roadmap. The AI valuation will start to get unlocked in the Tesla story, and we believe the march to an AI-driven valuation for TSLA over the next 6-9 months has now begun in our view with FSD and autonomous penetration of Tesla’s installed base and the acceleration of Cybercab in the US representing the golden goose for Musk & Co.”

In the near term, the only true issue at hand is deliveries, which Tesla should likely have a strong quarter thanks to the removal of the $7,500 EV tax credit. Ives says he expects a beat of Q3 numbers, driven by an “improving demand out of China.”

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He also said that while he expects this quarter to be strong, Tesla should aim to return to a run-rate of 500,000 deliveries every quarter, equating to approximately 2 million units per year. This will be driven by new, more affordable models, with the tax credit going away:

“On the near-term delivery front we are seeing a stabilization of demand globally that should enable Tesla to beat the Street’s 3Q delivery number with improving demand out of China. Getting back to a ~500k quarterly run-rate will be important as Tesla now looks to introduce new models to its customer base in 2026. There continues to be weak pockets in Europe but we believe Tesla is now starting to see signs of improvement in demand with a stronger growth trajectory into 2026.”

Tesla shares are up over 1.7 percent so far today, trading at around $430.

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Astra CEO shades SpaceX over employee workload and Starbase

Elon Musk once stated that no one ever changed the world working just 40 hours a week.

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Credit: SpaceX

Elon Musk once stated that no one ever changed the world working just 40 hours a week. This was something that is openly known among his companies. They have the potential to change the world, but they require a lot of hours.

SpaceX’s working environment was recently criticized by Chris Kemp, the chief executive officer of Astra. During some remarks at the Berkeley Space Symposium 2025 earlier this month, Kemp shared some sharp remarks about the Elon Musk-led private space enterprise.

SpaceX working conditions and Starbase

As noted in a report from Ars Technica, Kemp discussed a variety of topics during his talk. These included Astra’s successes and failures, as well as his thoughts on other players in the spaceflight industry. To be fair to Kemp, he practically shaded every major rival, calling Firefly’s engine “garbage,” dubbing Blue Origin as slow, and stating that Rocket Lab’s Electron rocket is “too small.”

SpaceX also received some colorful words from the Astra CEO. According to Kemp, SpaceX is leading the way in the spaceflight industry and Elon Musk is admirable in the way that he is willing to fail in order to move quickly. He did, however, highlight that Astra offers a significantly better working environment than SpaceX.

“It’s more fun than SpaceX, because we’re not on the border of Mexico where they’ll chop your head off if you accidentally take a left turn. And you don’t have to live in a trailer. And we don’t make you work six and a half days a week, 12 hours a day. It’s appreciated if you do, but not required,” Kemp said.

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Elon Musk’s demands

It is known that Elon Musk demands quite a lot from his employees. However, it is also known that Musk-led companies move very fast and, in more ways than one, they have accomplished world-changing feats. Tesla, for example, has practically ushered in the era of the modern electric vehicle, and SpaceX has made space attainable through its reusable rockets. With this in mind, employees at Musk’s companies, and this of course includes SpaceX, are likely proud of their long work hours. 

No one could probably go to Mars in this lifetime with a team that really works just 40 hours a week, after all.

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Tesla Model Y makes dramatic comeback in Sweden with 492% rise in registrations

The rebound marks a sharp turnaround for the electric vehicle maker.

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Credit: Tesla China

Tesla registrations in Sweden surged in September, with the Model Y climbing back to the top spot among fully electric vehicles in the country. The rebound marks a sharp turnaround for the electric vehicle maker, with new Model Y figures showing an impressive 492% increase compared to August.

Strong rebound after difficult year

The Model Y had previously slipped to fourth place in Sweden’s rankings, and even with incentives such as zero-interest financing, momentum had been challenged throughout much of the year. That is, at least, until now, with September’s results suggesting a notable recovery for the best-selling Model Y.

Data from Car.info indicates that the Model Y has become Sweden’s most newly registered car in September. Compared to August’s figures, September’s Model Y registrations have seen a stunning 492% rise. It should be noted, however, that year-over-year registrations are still down in the country, as noted in a CarUp report.

European production sees positive trend

Tesla executives have pointed to the company’s broader strength in Europe. Gigafactory Berlin head André Thierig told German outlet dpa that sales have improved enough to prompt revised production targets for the third and fourth quarters. “We currently have very good sales figures and have therefore revised our production plans,” Thierig said, noting that the factory is operating at full capacity.

Apart from the Model Y’s momentum, used Teslas are also starting to see positive trends in Sweden. As per recent reports, electric car dealer Carla, which has grown into Sweden’s second-largest used EV retailer, Tesla resale values jumped nearly 10% between June and August. So notable was the rise in consumer interest in used Teslas that the vehicles ended up helping Carla rebound into profitability.

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