Tesla and electric vehicles have saved at least 120,000 lives so far. Not A Tesla App initially reported on the results of a study that reflected these statistics. I’m going to dive into that study momentarily.
The article noted that a high EV adoption rate isn’t just good news for our planet. It is increasing the survival chances of our future generations. The study, published in 2021 in Nature Communications, noted that adding 4,434 metric tons of carbon dioxide in 2020 was equivalent to the lifetime emissions of 3.5 Americans. Those 4,434 metric tons of carbon dioxide could also cause one extra death globally from 2020 through 2100.
How Tesla And EVs Saved At Least 120,000 Lives So Far
The article pointed to Tesla’s recent Impact Report. According to the U.S. Environmental Protection Agency, a typical passenger car emits around 4.6 metric tons of carbon dioxide per year. In Tesla’s Impact Report, Tesla shared that in 2021, its global fleet of vehicles, energy storage, and solar panels combined avoided the emissions of 8.4 million metric tons of CO2e.
The article noted that according to Tesla’s Impact Report and the Nature Communications study, we can save around 40 metric tons of carbon over the course of a lifetime for every person who makes the switch from internal combustion engine vehicles to EVs. According to Not A Tesla App,
“Since every 4,000 metric tons of carbon emissions are predicted to result in an additional death, around 20,000 lives have been saved as a result. If we take into account the 10 million electric cars sold by other manufacturers, the number of lives saved increases to a staggering 120,000.”
The Study
The study in Nature Communications, titled The Mortality Cost of Carbon, was published in 2021. It used integrated assessment models (IAMs) which found that the social cost of carbon, prescribed optimal climate policy, and human mortality impacts are limited and haven’t been updated to the latest scientific understanding.
To solve this issue, the researchers extended the DICE-2016 integrated assessments model to include temperature-related mortality impacts. They also introduced another metric: the mortality cost of carbon. This metric estimated the number of deaths caused by the emissions of one additional metric ton of CO2. According to the study,
“In the baseline emissions scenario, the 2020 MCC is 2.26 × 10‒4 [low to high estimate −1.71× 10‒4 to 6.78 × 10‒4] excess deaths per metric ton of 2020 emissions. This implies that adding 4,434 metric tons of carbon dioxide in 2020—equivalent to the lifetime emissions of 3.5 average Americans—causes one excess death globally in expectation between 2020-2100.”
What The Study Found
The study found that the 2020 mortal cost of carbon (MCC) is the number of expected temperature-related excess deaths globally from 2020-2100 caused by the emission of one additional metric ton of CO2e in 2020.
“Our central estimate 2020 MCC also implies that reducing (adding) 4,434 metric tons of carbon dioxide in 2020 saves one life (causes one excess death) in expectation globally between 2020 and 2100. In all, 4,434 metric tons is equivalent to the lifetime emissions of 3.5 average Americans, 146.2 Nigerians, and 12.8 average world people.”
Tesla & EVs Are Saving Lives. So Is Clean Energy.
Although Tesla and EVs are saving lives in this respect, the study’s results show that the work is far from complete. The study suggested that reducing 1,276 metric tons of carbon dioxide in 2020 which is the equivalent to the lifetime emissions of an average American, would reduce 0.29 excess deaths between 2020 and 2100.
Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla needs to come through on this one Robotaxi metric, analyst says
