The Tesla Model 3 and Model Y won the 2022 Top Safety Pick+ award from the Insurance Institute for Highway Safety (IIHS).
The IIHS tested a mid-range 2019 Tesla Model 3 and a Long Range 2021 Tesla Model Y for its 2022 Top Safety Pick+ award. The ratings Tesla received apply to the 2017-2022 Model 3 and 2020-2022 Model Y.
Breaking down the IIHS test, the Model 3 and the Model Y received “Good” ratings for crashworthiness, as seen below.
Both the Tesla Model 3 and Model Y received high marks in other parts of the IIHS tests as well. However, in the Crash Avoidance & Mitigation category, the Model 3 and Model Y received slightly different ratings. The Model 3 scored “Good” or “Superior” in all categories.
On the other hand, the Model Y was given a “Good” or “Acceptable” rating for headlights, with the IIHS noting that the score depended on the trim/option of the all-electric sedan. The safety agency reported that improved headlight offerings boosted more vehicles to win the top-tier Top Safety Pick+ award in 2022.
A recently published international Tesla patent suggests that Tesla’s vehicles will likely continue to achieve such high scores in evaluations such as the IIHS’ crashworthiness tests. The patent reveals how front and back megacastings act as an integrated energy absorbing system. Tesla China also provided an in-depth look into Giga Shanghai’s vehicles and how Tesla builds its cars to absorb impact.
Besides Tesla, 65 other vehicle models were recognized by the IIHS as 2022’s Top Safety Pick+ winners, and 36 models earned the lower-tier Top Safety Pick award. In total, the IIHS recognized 101 winners. In a press release, IIHS President David Harkey stated that while it is great to see numerous vehicles qualify for the Top Safety Pick+ award, it is time for the IIHS to roll out more stringent tests.
“We’re excited to see more vehicles on this list in 2022. Our awards make it easy for car buyers to find models that will protect them in a crash and increase the odds they’ll never be in one. By shooting for TOP SAFETY PICK+, automakers are showing that they’re committed to the same goal… Manufacturers deserve congratulations for the steady improvements they’ve made since we last updated our award requirements, but with U.S. traffic fatalities expected to exceed 40,000 people in 2021, it’s no time for anybody to rest on their laurels. A key reason vehicles have continued to get safer over the more than 25 years since the Institute began our ratings program is that we have never shied away from raising the bar. The high number of TOP SAFETY PICK+ winners shows that it’s time to push for additional changes,” Harkey said.
A recent IIHS study found that automatic emergency braking systems made no difference in pedestrian crashes that occurred at night. As a result, the safety agency decided to add a nighttime pedestrian crash prevention test held in complete darkness. Vehicles must earn an “Advanced” or “Superior” rating in the new nighttime test to win the Top Safety Pick+ award in 2023.
The new nighttime pedestrian crash prevention test will be an interesting evaluation for Tesla’s camera-based safety suite. During research tests on the upcoming nighttime pedestrian AEB evaluation, most of the test vehicles’ capabilities declined in the assessment conducted in complete darkness, except for one. The radar-only Volkswagen Taos maintained its performance rating in the nighttime pedestrian AEB evaluation test runs. However, the Taos was the worst performer during AEB daytime tests compared to the other vehicles in the nighttime AEB evaluation.
The Teslarati team would appreciate hearing from you. If you have any tips, reach out to me at maria@teslarati.com or via Twitter @Writer_01001101.
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
