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Tesla’s Model S and Model X are nearly 90% less likely to be stolen in the United States

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Tesla’s electric cars seem to be building a reputation as vehicles that thieves actively avoid. According to the Highway Loss Data Institute, which recently published its list of vehicles that are most likely to get stolen in the United States, the Tesla Model S and Model X are almost 90% less likely to get stolen than the average car. 

Highway Loss Data Institute vice president Matt Moore stated that vehicle theft is a matter of opportunity and market value. This is among the reasons why this year, the Dodge Challenger SRT Hellcat, which has a price of around $64,000, topped the list of most-stolen vehicles in the market. Being premium electric cars, the Tesla Model S and Model X certainly meet the criteria of price, but the way they are used by their owners make them pretty tough to steal

Moore notes that when electric vehicles are not in use, they are usually parked in a garage, or at least close to their owners’ homes, so that they can be plugged in overnight. This practice is common among electric car owners, and it allows each car to leave every day with a “full tank” of power. “Vehicle theft is a crime of opportunity, and electric cars parked in locked garages where they are recharging certainly makes it harder for a thief,” he explained.

Tesla’s electric cars are also equipped with a suite of security features that are actively designed to prevent thefts. Among these are PIN to Drive, which requires a four-digit verification code that must be entered before a vehicle could be driven; Sentry Mode, which monitors a vehicle’s surroundings and engages a series of visual and audible alarms once a break-in is attempted; and Intrusion Sensors, an optional accessory that intermittently pulses ultrasonic waves throughout the cabin and triggers an alarm if the signal is disturbed.

Apart from these security features, data from the Federal Bureau of Investigation’s National Crime Information Center have shown that Teslas that actually do get stolen are usually recovered. Between 2011 and May 2018, the National Crime Information Center tracked 115 Tesla thefts, and among this number, an impressive 112 were recovered. An example of this could be seen in a remarkable story involving an attempted theft of a Model S that ended up being involved in a dramatic transatlantic theft and rescue. During the entire duration of the vehicle’s journey all the way to its retrieval, the Model S’ owner was able to monitor the car’s exact location through GPS. 

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The HLDI notes that ultimately, how often a car or truck is stolen will impact how much owners of the vehicle will pay for auto insurance. Thus, vehicles like the Dodge Challenger SRT Hellcat, for example, will likely carry a higher insurance premium, particularly when they are being driven in areas where the rate of auto thefts are high. This should bode well for owners of Tesla’s electric cars, as some insurance providers still quote high premiums for the company’s vehicles. 

Teslas and muscle cars aside, car thefts across the United States have been at a decline in recent years, with the National Insurance Crime Bureau reporting 773,139 vehicles being stolen in 2017, down 53% from 1991, when car thefts across the country peaked at 1.66 million vehicles.

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 expands its branded ‘For Business’ Superchargers

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Credit: Francis Energy

Tesla has expanded its branded ‘For Business’ Supercharger program that it launched last year, as yet another company is using the platform to attract EV owners to its business and utilize a unique advertising opportunity.

Francis Energy of Oklahoma is launching four Superchargers in Norman, where the University of Oklahoma is located. The Superchargers, which are fitted with branding for Francis Energy, will officially open tomorrow.

It will not be the final Supercharger location that Francis Energy plans to open, the company confirmed to EVWire.

Back in early September, Tesla launched the new “Supercharger for Business” program in an effort to give businesses the ability to offer EV charging at custom rates. It would give their businesses visibility and would also cater to employees or customers.

“Purchase and install Superchargers at your business,” Tesla wrote on a page on its website for the new program. “Superchargers are compatible with all electric vehicles, bringing EV drivers to your business by offering convenient, reliable charging.”

The first site opened in Land O’ Lakes, Florida, which is Northeast of Tampa, as a company called Suncoast launched the Superchargers for local EV owners.

Tesla launches its new branded Supercharger for Business with first active station

The program also does a great job at expanding infrastructure for EV owners, which is something that needs to be done to encourage more people to purchase Teslas and other electric cars.

Francis Energy operates at least 14 EV charging locations in Oklahoma, spanning from Durant to Oklahoma City and nearly everywhere in between. Filings from the company, listed by Supercharge.info, show the company’s plans to convert some of them to Tesla Superchargers, potentially utilizing the new Supercharger for Business program to advertise.

Moving forward, more companies will likely utilize Tesla’s Supercharger for Business program as it presents major advantages in a variety of ways, especially with advertising and creating a place for EV drivers to gain range in their cars.

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Tesla Cybercab ‘breakdown’ image likely is not what it seems

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Credit: TslaChan | X

Tesla Cybercab is perhaps the most highly-anticipated project that the company plans to roll out this year, and as it is undergoing its testing phase in pre-production currently, there are some things to work through with it.

Over the weekend, an image of the Cybercab being loaded onto a tow truck started circulating on the internet, and people began to speculate as to what the issue could be.

The Cybercab can clearly be seen with a Police Officer and perhaps the tow truck driver by its side, being loaded onto, or even potentially unloaded from, the truck.

However, it seems unlikely it was being offloaded, as its operation would get it to this point for testing to begin with.

It appears, at first glance, that it needs assistance getting back to wherever it came from; likely Gigafactory Texas or potentially a Bay Area facility.

The Cybercab was also spotted in Buffalo, New York, last week, potentially undergoing cold-weather testing, but it doesn’t appear that’s where this incident took place.

It is important to remember that the Cybercab is currently undergoing some rigorous testing scenarios, which include range tests and routine public road operation. These things help Tesla assess any potential issue the vehicle could run into after it starts routine production and heads to customers, or for the Robotaxi platform operation.

This is not a one-off issue, either. Tesla had some instances with the Semi where it was seen broken down on the side of a highway three years ago. The all-electric Semi has gone on to be successful in its early pilot program, as companies like Frito-Lay and PepsiCo. have had very positive remarks.

Tesla reveals its first Semi customer after launch

The Cybercab’s future is bright, and it is important to note that no vehicle model has ever gone its full life without a breakdown. It happens, it’s a car.

Nevertheless, it is important to note that there has been no official word on what happened with this particular Cybercab unit, but it is crucial to remember that this is the pre-production testing phase, and these things are more constructive than anything.

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Investor's Corner

Tesla analyst teases self-driving dominance in new note: ‘It’s not even close’

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Credit: Tesla

Tesla analyst Andrew Percoco of Morgan Stanley teased the company’s dominance in its self-driving initiative, stating that its lead over competitors is “not even close.”

Percoco recently overtook coverage of Tesla stock from Adam Jonas, who had covered the company at Morgan Stanley for years. Percoco is handling Tesla now that Jonas is covering embodied AI stocks and no longer automotive.

His first move after grabbing coverage was to adjust the price target from $410 to $425, as well as the rating from ‘Overweight’ to ‘Equal Weight.’

Percoco’s new note regarding Tesla highlights the company’s extensive lead in self-driving and autonomy projects, something that it has plenty of competition in, but has established its prowess over the past few years.

He writes:

“It’s not even close. Tesla continues to lead in autonomous driving, even as Nvidia rolls out new technology aimed at helping other automakers build driverless systems.”

Percoco’s main point regarding Tesla’s advantage is the company’s ability to collect large amounts of training data through its massive fleet, as millions of cars are driving throughout the world and gathering millions of miles of vehicle behavior on the road.

This is the main point that Percoco makes regarding Tesla’s lead in the entire autonomy sector: data is King, and Tesla has the most of it.

One big story that has hit the news over the past week is that of NVIDIA and its own self-driving suite, called Alpamayo. NVIDIA launched this open-source AI program last week, but it differs from Tesla’s in a significant fashion, especially from a hardware perspective, as it plans to use a combination of LiDAR, Radar, and Vision (Cameras) to operate.

Percoco said that NVIDIA’s announcement does not impact Morgan Stanley’s long-term opinions on Tesla and its strength or prowess in self-driving.

NVIDIA CEO Jensen Huang commends Tesla’s Elon Musk for early belief

And, for what it’s worth, NVIDIA CEO Jensen Huang even said some remarkable things about Tesla following the launch of Alpamayo:

“I think the Tesla stack is the most advanced autonomous vehicle stack in the world. I’m fairly certain they were already using end-to-end AI. Whether their AI did reasoning or not is somewhat secondary to that first part.”

Percoco reiterated both the $425 price target and the ‘Equal Weight’ rating on Tesla shares.

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