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Tesla Model 3 hailed as the most reliable executive car in the UK

(Credit: Tesla)

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A car’s reliability could easily determine whether a customer’s ownership experience is excellent or poor. Even simple cars could be great to own if they are reliable, and even high-performance vehicles could be a headache if they experience intermittent problems during their ownership period. This is why reliability is arguably one of the most important things that car buyers look for when purchasing an automobile. 

Motoring publication What Car? Recently conducted its annual What Car? Reliability Survey, which reveals the best and worst vehicles in the UK market today when it comes to reliability. This year’s study included nearly 13,000 car owners who were asked about how dependable their vehicles have been over the previous 12 months. For this year, What Car? also decided to ask owners how much they had to pay to get their vehicles’ problems fixed, and how long the repair process took. 

 “In most cases, these two factors are more important than what actually went wrong with the car, because they determine how long you could be without your car and how much of a dent a fault could put in your wallet. So we used a combination of the answers to these questions to create a unique Reliability Rating – expressed as a percentage – for each model,” the publication noted. 

In what could be dubbed as a pleasant surprise, the Tesla Model 3 was deemed as the most reliable executive car today in Britain, electric or otherwise. Only 5% of the Tesla Model 3 owners who participated in the survey reported having issues with their vehicle, and even then, the problems were only connected to the car’s interior trim. Despite these faults, the Model 3 owners noted that the cars could still be driven without any problems. Even better, the issues, once reported, were fixed in a day or less and at zero cost. 

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Highlighting this point, a Tesla Model 3 owner told the publication that “Everything about this car is superb, and I’ve had none of the build quality issues of the earlier models.” Thanks to customers’ positive response to the Model 3, the vehicle earned a stellar 99.4% Reliability Rating from What Car?’s survey, placing the vehicle ahead of all electric cars and executive vehicles, regardless of the type of propulsion. 

Interestingly enough, the Model 3’s rival from Mercedes-Benz, the C-Class, was deemed by owners as the least reliable executive car. According to the motoring publication, roughly a third of C-Classes had issues, and the faults covered several aspects of the vehicle such as its electronics, exhaust, fuel system, battery, bodywork, infotainment, breaks, steering, and interior trim, to name a few. These complaints resulted in the C-Class receiving a rather low Reliability Rating of just 87.3%, far beneath the Tesla Model 3’s stellar scores. 

“A third of C-Classes went wrong, according to owners, who reported a wide range of issues. Faults rendered more than a third of cars undriveable, and one in four was off the road for more than a week. Although 81% of cars were fixed for free, a small percentage of owners paid out more than £1500 in repair bills,” the publication wrote. 

The full results of What Car?’s 2020 Reliability Survey could be accessed here

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Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

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Tesla ends Full Self-Driving purchase option in the U.S.

In January, Musk announced that Tesla would remove the ability to purchase the suite outright for $8,000. This would give the vehicle Full Self-Driving for its entire lifespan, but Tesla intended to move away from it, for several reasons, one being that a tranche in the CEO’s pay package requires 10 million active subscriptions of FSD.

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Credit: Tesla

Tesla has officially ended the option to purchase the Full Self-Driving suite outright, a move that was announced for the United States market in January by CEO Elon Musk.

The driver assistance suite is now exclusively available in the U.S. as a subscription, which is currently priced at $99 per month.

Tesla moved away from the outright purchase option in an effort to move more people to the subscription program, but there are concerns over its current price and the potential for it to rise.

In January, Musk announced that Tesla would remove the ability to purchase the suite outright for $8,000. This would give the vehicle Full Self-Driving for its entire lifespan, but Tesla intended to move away from it, for several reasons, one being that a tranche in the CEO’s pay package requires 10 million active subscriptions of FSD.

Although Tesla moved back the deadline in other countries, it has now taken effect in the U.S. on Sunday morning. Tesla updated its website to reflect this:

There are still some concerns regarding its price, as $99 per month is not where many consumers are hoping to see the subscription price stay.

Musk has said that as capabilities improve, the price will go up, but it seems unlikely that 10 million drivers will want to pay an extra $100 every month for the capability, even if it is extremely useful.

Instead, many owners and fans of the company are calling for Tesla to offer a different type of pricing platform. This includes a tiered-system that would let owners pick and choose the features they would want for varying prices, or even a daily, weekly, monthly, and annual pricing option, which would incentivize longer-term purchasing.

Although Musk and other Tesla are aware of FSD’s capabilities and state is is worth much more than its current price, there could be some merit in the idea of offering a price for Supervised FSD and another price for Unsupervised FSD when it becomes available.

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Musk bankers looking to trim xAI debt after SpaceX merger: report

xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. A new financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year.

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Credit: SpaceX

Elon Musk’s bankers are looking to trim the debt that xAI has taken on over the past few years, following the company’s merger with SpaceX, a new report from Bloomberg says.

xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. Bankers are trying to create some kind of financing plan that would trim “some of the heavy interest costs” that come with the debt.

The financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year. Musk has essentially confirmed that SpaceX would be heading toward an IPO last month.

SpaceX IPO is coming, CEO Elon Musk confirms

The report indicates that Morgan Stanley is expected to take the leading role in any financing plan, citing people familiar with the matter. Morgan Stanley, along with Goldman Sachs, Bank of America, and JPMorgan Chase & Co., are all expected to be in the lineup of banks leading SpaceX’s potential IPO.

Since Musk acquired X, he has also had what Bloomberg says is a “mixed track record with debt markets.” Since purchasing X a few years ago with a $12.5 billion financing package, X pays “tens of millions in interest payments every month.”

That debt is held by Bank of America, Barclays, Mitsubishi, UFJ Financial, BNP Paribas SA, Mizuho, and Société Générale SA.

X merged with xAI last March, which brought the valuation to $45 billion, including the debt.

SpaceX announced the merger with xAI earlier this month, a major move in Musk’s plan to alleviate Earth of necessary data centers and replace them with orbital options that will be lower cost:

“In the long term, space-based AI is obviously the only way to scale. To harness even a millionth of our Sun’s energy would require over a million times more energy than our civilization currently uses! The only logical solution, therefore, is to transport these resource-intensive efforts to a location with vast power and space. I mean, space is called “space” for a reason.”

The merger has many advantages, but one of the most crucial is that it positions the now-merged companies to fund broader goals, fueled by revenue from the Starlink expansion, potential IPO, and AI-driven applications that could accelerate the development of lunar bases.

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Tesla pushes Full Self-Driving outright purchasing option back in one market

Tesla announced last month that it would eliminate the ability to purchase the Full Self-Driving software outright, instead opting for a subscription-only program, which will require users to pay monthly.

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Credit: Tesla

Tesla has pushed the opportunity to purchase the Full Self-Driving suite outright in one market: Australia.

The date remains February 14 in North America, but Tesla has pushed the date back to March 31, 2026, in Australia.

Tesla announced last month that it would eliminate the ability to purchase the Full Self-Driving software outright, instead opting for a subscription-only program, which will require users to pay monthly.

If you have already purchased the suite outright, you will not be required to subscribe once again, but once the outright purchase option is gone, drivers will be required to pay the monthly fee.

The reason for the adjustment is likely due to the short period of time the Full Self-Driving suite has been available in the country. In North America, it has been available for years.

Tesla hits major milestone with Full Self-Driving subscriptions

However, Tesla just launched it just last year in Australia.

Full Self-Driving is currently available in seven countries: the United States, Canada, China, Mexico, Australia, New Zealand, and South Korea.

The company has worked extensively for the past few years to launch the suite in Europe. It has not made it quite yet, but Tesla hopes to get it launched by the end of this year.

In North America, Tesla is only giving customers one more day to buy the suite outright before they will be committed to the subscription-based option for good.

The price is expected to go up as the capabilities improve, but there are no indications as to when Tesla will be doing that, nor what type of offering it plans to roll out for owners.

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