This is a snippet of the transcript, sign up to read more.
Tesla is particularly concerned about the cost of repairs for electric vehicles. I have some data that I can show you on this topic. It covers the cost of repair for Tesla electric vehicles, other electric vehicles, and internal combustion engine vehicles. It's public record. I'll tell you what the source is, but they're concerned enough about it to know that the cost of insurance is very high. It's 20% to 30% more for electric vehicles, with Tesla on the higher end of that spectrum because they are the most expensive.
This is a snippet of the transcript, sign up to read more.
According to some public records, MSOs currently handle only about 20% of the volume of repairable vehicles in America. Let's say I'm underestimating and it's 30%; that still leaves 70% of the cars being repaired elsewhere. We can do some research, but if the top six MSOs have 20% to 30% of the volume, 70% of the volume is going somewhere else.
This is a snippet of the transcript, sign up to read more.
This document may not be reproduced, distributed, or transmitted in any form or by any means including resale of any part, unauthorised distribution to a third party or other electronic methods, without the prior written permission of IP 1 Ltd.
IP 1 Ltd, trading as In Practise (herein referred to as "IP") is a company registered in England and Wales and is not a registered investment advisor or broker-dealer, and is not licensed nor qualified to provide investment advice.
In Practise reserves all copyright, intellectual and other property rights in the Content. The information published in this transcript (“Content”) is for information purposes only and should not be used as the sole basis for making any investment decision. Information provided by IP is to be used as an educational tool and nothing in this Content shall be construed as an offer, recommendation or solicitation regarding any financial product, service or management of investments or securities. The views of the executive expressed in the Content are those of the expert and they are not endorsed by, nor do they represent the opinion of In Practise. In Practise makes no representations and accepts no liability for the Content or for any errors, omissions, or inaccuracies will in no way be held liable for any potential or actual violations of laws, including without limitation any securities laws, based on Information sent to you by In Practise.
© 2024 IP 1 Ltd. All rights reserved.