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Tesla vehicles are 8x less likely to be involved in fires, shows latest safety report
Tesla has released its vehicle safety report for the second quarter of 2019. Similar to previous quarters, the report showed that Teslas operating on Autopilot are less likely to meet accidents on the road compared to vehicles operating without the driver-assist system enabled. Tesla’s report this quarter also included statistics on vehicle fires for the first time.
Fires involving Teslas are quite rare, with some quarters having recorded no vehicle fires at all. This, according to Tesla, results in some challenges, as an increase from one fire per quarter to two fires per quarter would result in a raise of 100%. Tesla has thus stated that it will provide annual vehicle fire data to avoid a misrepresentation of numbers and assure a meaningful comparison to the industry average.
The electric car maker’s data shows that between 2012-2018, there was approximately one Tesla vehicle fire for every 170 million miles traveled. Considering that the National Fire Protection Association (NFPA) and the US Department of Transportation record one vehicle fire for every 19 million miles traveled, Tesla’s figures make its electric cars over eight times less likely to be involved fires.
It should also be noted that Tesla’s vehicle fire statistics for 2012-2018 are not exclusive to incidents where the electric cars actually catch fire. Instead, Tesla’s data includes incidents resulting from structure fires, arson, and several other factors unrelated to the vehicles themselves.
Tesla’s Q2 2019 vehicle safety report also showed one accident for every 3.27 million miles driven with Autopilot engaged. Vehicles without Autopilot but have Tesla’s active safety features engaged, on the other hand, recorded one accident for every 2.19 million miles driven. Cars operating with no Autopilot and active safety features enabled recorded one accident every 1.41 million miles.
These figures are an improvement to Tesla’s first-quarter results, when the company recorded one accident for every 2.87 million miles driven on Autopilot, 1.76 million miles driven with active safety features but no Autopilot, and 1.26 million miles driven with no Autopilot and active safety features enabled. These results, while below the figures for the second quarter, are still notably superior to the NHTSA’s data, which currently stand at one accident for every 498,000 miles driven.
Tesla’s electric cars are among the safest vehicles on the road. The Model 3, for example, has earned stellar safety ratings from both the NHTSA and the Euro-NCAP, where the electric sedan set a new benchmark for safety. The Model 3 was granted a perfect 5-Star rating by the Euro NCAP in all four of its safety tests’ categories: Adult Occupant Protection, which tests how the vehicle protects its driver and passenger; Child Occupant Protection, which gauges the protection of younger occupants; Vulnerable Road Users, which tests a vehicle’s safety features for cyclists and pedestrians; and Safety Assist, which evaluates a car’s active safety capabilities.
Tesla’s Q2 2019 vehicle safety report could be read below.
Accident Data
In the 2nd quarter, we registered one accident for every 3.27 million miles driven in which drivers had Autopilot engaged. For those driving without Autopilot but with our active safety features, we registered one accident for every 2.19 million miles driven. For those driving without Autopilot and without our active safety features, we registered one accident for every 1.41 million miles driven. By comparison, NHTSA’s most recent data shows that in the United States there is an automobile crash every 498,000 miles.
Vehicle Fire Data
Tesla vehicle fires are exceptionally rare events, and in some cases, there have been zero Tesla vehicle fires in a quarter. That means that an increase from one fire per quarter to two per quarter represents an increase of 100%. In order to avoid misinterpretation of these numbers and provide a meaningful comparison to industry data, Tesla will publish an update to vehicle fire data annually.
From 2012 – 2018, there has been approximately one Tesla vehicle fire for every 170 million miles traveled. By comparison, data from the National Fire Protection Association (NFPA) and U.S. Department of Transportation shows that in the United States there is a vehicle fire for every 19 million miles traveled.
In order to provide an apt comparison to NFPA data, Tesla’s data set includes instances of vehicle fires caused by structure fires, arson, and other things unrelated to the vehicle, which account for about 15% of Tesla vehicle fires over this time period.
Elon Musk
Elon Musk’s net worth is nearing $800 billion, and it’s no small part due to xAI
A newly confirmed $20 billion xAI funding round valued the business at $250 billion, adding an estimated $62 billion to Musk’s fortune.
Elon Musk moved within reach of an unprecedented $800 billion net worth after private investors sharply increased the valuation of xAI Holdings, his artificial intelligence and social media company.
A newly confirmed $20 billion funding round valued the business at $250 billion, adding an estimated $62 billion to Musk’s fortune and widening his lead as the world’s wealthiest individual.
xAI’s valuation jump
Forbes confirmed that xAI Holdings was valued at $250 billion following its $20 billion funding round. That’s more than double the $113 billion valuation Musk cited when he merged his AI startup xAI with social media platform X last year. Musk owned roughly 49% of the combined company, which Forbes estimated was worth about $122 billion after the deal closed.
xAI’s recent valuation increase pushed Musk’s total net worth to approximately $780 billion, as per Forbes’ Real-Time Billionaires List. The jump represented one of the single largest wealth gains ever recorded in a private funding round.
Interestingly enough, xAI’s funding round also boosted the AI startup’s other billionaire investors. Saudi investor Prince Alwaleed Bin Talal Alsaud held an estimated 1.6% stake in xAI worth about $4 billion, so the recent funding round boosted his net worth to $19.4 billion. Twitter co-founder Jack Dorsey and Oracle co-founder Larry Ellison each owned roughly 0.8% stakes that are now valued at about $2.1 billion, increasing their net worths to $6 billion and $241 billion, respectively.
The backbone of Musk’s net worth
Despite xAI’s rapid rise, Musk’s net worth is still primarily anchored by SpaceX and Tesla. SpaceX represents Musk’s single most valuable asset, with his 42% stake in the private space company estimated at roughly $336 billion.
Tesla ranks second among Musk’s holdings, as he owns about 12% of the EV maker’s common stock, which is worth approximately $307 billion.
Over the past year, Musk crossed a series of historic milestones, becoming the first person ever worth $500 billion, $600 billion, and $700 billion. He also widened his lead over the world’s second-richest individual, Larry Page, by more than $500 billion.
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Tesla Cybercab sighting confirms one highly requested feature
The feature will likely allow the Cybercab to continue operating even in conditions when its cameras could be covered with dust, mud, or road grime.
A recent sighting of Tesla’s Cybercab prototype in Chicago appears to confirm a long-requested feature for the autonomous two-seater.
The feature will likely allow the Cybercab to continue operating even in conditions when its cameras could be covered with dust, mud, or road grime.
The Cybercab’s camera washer
The Cybercab prototype in question was sighted in Chicago, and its image was shared widely on social media. While the autonomous two-seater itself was visibly dirty, its rear camera area stood out as noticeably cleaner than the rest of the car. Traces of water were also visible on the trunk. This suggested that the Cybercab is equipped with a rear camera washer.
As noted by Model Y owner and industry watcher Sawyer Merritt, a rear camera washer is a feature many Tesla owners have requested for years, particularly in snowy or wet regions where camera obstruction can affect visibility and the performance of systems like Full Self-Driving (FSD).
While only the rear camera washer was clearly visible, the sighting raises the possibility that Tesla may equip the Cybercab’s other external cameras with similar cleaning systems. Given the vehicle’s fully autonomous design, redundant visibility safeguards would be a logical inclusion.
The Cybercab in Tesla’s autonomous world
The Cybercab is Tesla’s first purpose-built autonomous ride-hailing vehicle, and it is expected to enter production later this year. The vehicle was unveiled in October 2024 at the “We, Robot” event in Los Angeles, and it is expected to be a major growth driver for Tesla as it continues its transition toward an AI- and robotics-focused company. The Cybercab will not include a steering wheel or pedals and is intended to carry one or two passengers per trip, a decision Tesla says reflects real-world ride-hailing usage data.
The Cybercab is also expected to feature in-vehicle entertainment through its center touchscreen, wireless charging, and other rider-focused amenities. Musk has also hinted that the vehicle includes far more innovation than is immediately apparent, stating on X that “there is so much to this car that is not obvious on the surface.”
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Tesla seen as early winner as Canada reopens door to China-made EVs
Tesla had already prepared for Chinese exports to Canada in 2023 by equipping its Shanghai Gigafactory to produce a Canada-specific version of the Model Y.
Tesla seems poised to be an early beneficiary of Canada’s decision to reopen imports of Chinese-made electric vehicles, following the removal of a 100% tariff that halted shipments last year.
Thanks to Giga Shanghai’s capability to produce Canadian-spec vehicles, it might only be a matter of time before Tesla is able to export vehicles to Canada from China once more.
Under the new U.S.–Canada trade agreement, Canada will allow up to 49,000 vehicles per year to be imported from China at a 6.1% tariff, with the quota potentially rising to 70,000 units within five years, according to Prime Minister Mark Carney.
Half of the initial quota is reserved for vehicles priced under CAD 35,000, a threshold above current Tesla models, though the electric vehicle maker could still benefit from the rule change, as noted in a Reuters report.
Tesla had already prepared for Chinese exports to Canada in 2023 by equipping its Shanghai Gigafactory to produce a Canada-specific version of the Model Y. That year, Tesla began shipping vehicles from Shanghai to Canada, contributing to a sharp 460% year-over-year increase in China-built vehicle imports through Vancouver.
When Ottawa imposed a 100% tariff in 2024, however, Tesla halted those shipments and shifted Canadian supply to its U.S. and Berlin factories. With tariffs now reduced, Tesla could quickly resume China-to-Canada exports.
Beyond manufacturing flexibility, Tesla could also benefit from its established retail presence in Canada. The automaker operates 39 stores across Canada, while Chinese brands like BYD and Nio have yet to enter the Canadian market directly. Tesla’s relatively small lineup, which is comprised of four core models plus the Cybertruck, allows it to move faster on marketing and logistics than competitors with broader portfolios.
Elon Musk’s net worth is nearing $800 billion, and it’s no small part due to xAI
Tesla Cybercab sighting confirms one highly requested feature
