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Tales from a Tesla Model S that hit 400,000 miles in 3 years
Tesloop, a Tesla-only intercity shuttle service for Southern California commuters, has reached another milestone with its Model S 90D. In a recent announcement, the company revealed that their Model S, dubbed eHawk, has passed the 400,000-mile mark, making it as one of the highest mileage Teslas in the world today.
eHawk entered service on July 2015, driving from city to city in Southern California and Nevada. By February 2016, the Model S 90D had logged its first 100,000 miles, and by August that year, the full-sized family sedan passed the 200,000-mile mark. In a recent blog post, Tesloop stated that roughly 90% of eHawk’s trips were driven using Autopilot, with Pilots (as the company refers to its drivers) only taking over active driving duties when needed. Tesloop’s Model S 90D currently travels an average of 17,000 miles per month. On the company’s recent post, Haydn Sonnad, Tesloop’s founder, expressed his optimism for the coming years.
“Vehicle connectivity is about to transform the car ownership and user experience. We are close to the point where increasingly sophisticated autonomous driving features and deep connectivity are coupled with electric drivetrains that last hundreds of thousands of miles, a whole new approach to mobility can be offered, that will transform the economics of car ownership and usage, while offering a greatly superior customer experience,” he said.
Over the past 3 years and through 400,000 miles on the road, eHawk has accumulated roughly $19,000 worth of maintenance costs, equating to about $0.05 per miles. This cost is broken down to $6,700 for general vehicle repairs and $12,200 for regularly scheduled maintenance. According to the company’s estimates, a Lincoln Town Car or a Mercedes-Benz GLS class would have accumulated maintenance costs of $88,500 ($0.22/mile) and $98,900 ($0.25/mile), respectively, had the vehicles been driven for 400,000 miles.
The Model S 90D’s high voltage (HV) battery unit was replaced twice under warranty since July 2015. The first battery HV battery replacement was at 194,000 miles, while the second was at 324,000 miles. Average battery degradation over the vehicle’s first 194,000 miles was around 6% with multiple Supercharger stops every day. Between 194,000 – 324,000 miles, the HV battery degradation was estimated at around 22%. According to Tesloop, this was likely due to the company’s practice of constantly charging eHawk to 95-100%, instead of Tesla’s recommended 90-95%. On its blog post, Tesloop shared Tesla’s reminder to the company after its first HV battery replacement.
“Found internal imbalance in HV battery due to consistent supercharging to 100% from a low state of charge (SOC) without any rest periods in between. HV battery has been approved to be replaced. Also recommend that customer does not Supercharge on a regular basis and does not charge to 100% on a regular basis. We also recommend that the customer use scheduled charging to start charge 3 hours after end of drive at low SOC.”
The interior of Tesloop’s Tesla Model S 90D after being in service for 400,000 miles. [Credit: Tesloop]
Apart from its HV battery, Tesloop’s Model S 90D also had its front drive unit replaced under warranty at 36,000 miles. No issues with the vehicle’s drive units have emerged since. The Tesla-exclusive shuttle service also opted to upgrade the rear seating of eHawk to the executive seat option for maximum passenger comfort. According to the company, the seats have held up well over the thousands of passengers the electric car has transported over the years.
Considering the endurance showcased by its Model S 90D, Tesloop estimates that eHawk should be able to last another 600,000 miles over the next five years. If the vehicle achieves this, it would be the first Tesla Model S to reach the 1 million-mile mark.
Tesloop currently operates a fleet of Model S and Model X vehicles. One of its Model X, a 90D named Rex, also achieved its own milestone last month, after it hit 300,000 miles on the road since being deployed. When the all-electric SUV reached the 300,000-mile mark, its battery degradation was estimated at roughly 10%. Since achieving its milestone, however, Tesla has changed the vehicle’s rear drive unit.
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
