Business
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Jon Keegan
11/18/24

Tesla has the highest rate of fatal accidents among all car brands, report shows

A new analysis of National Highway Transportation and Safety Administration auto-crash data shows that Tesla has the highest rate of fatal accidents among all car brands in the US.

The study was conducted by automotive research firm iSeeCars, which looked at 2018-22 model-year vehicles in crashes where at least one occupant died, during the years of 2017-22 (with 2022 being the most recent full year of data).

iSeeCar’s analysis calculated a rate based on the total number of miles driven, which was estimated from the company’s car data from over 8 million vehicles on the road. While the total rate of fatal accidents per billion miles driven by all vehicles was 2.8, Tesla vehicles overall had a rate of 5.6. Tesla’s Model Y SUV had fatal accident rate of 10.6, more than double the average for SUVs, which was 4.8.

Tesla’s cars do get high vehicle-safety ratings, consistently receiving five stars from the NHTSA’s rating program. Tesla cites data that shows Tesla vehicles using the company’s “autopilot” assisted-driving technology are safer than the US average (for all vehicle accidents), and that according to NHTSA data, Tesla vehicles have the lowest probability of injury in all the cars that the agency has tested.

While Tesla’s vehicles may be packed with advanced safety features, their drivers also may be paying less attention to the road, or assuming their car can do more than the marketing claims.

Tesla is currently facing a NHTSA investigation into its “full self-driving” feature, which has been involved with at least one pedestrian death and several accidents.

The study was conducted by automotive research firm iSeeCars, which looked at 2018-22 model-year vehicles in crashes where at least one occupant died, during the years of 2017-22 (with 2022 being the most recent full year of data).

iSeeCar’s analysis calculated a rate based on the total number of miles driven, which was estimated from the company’s car data from over 8 million vehicles on the road. While the total rate of fatal accidents per billion miles driven by all vehicles was 2.8, Tesla vehicles overall had a rate of 5.6. Tesla’s Model Y SUV had fatal accident rate of 10.6, more than double the average for SUVs, which was 4.8.

Tesla’s cars do get high vehicle-safety ratings, consistently receiving five stars from the NHTSA’s rating program. Tesla cites data that shows Tesla vehicles using the company’s “autopilot” assisted-driving technology are safer than the US average (for all vehicle accidents), and that according to NHTSA data, Tesla vehicles have the lowest probability of injury in all the cars that the agency has tested.

While Tesla’s vehicles may be packed with advanced safety features, their drivers also may be paying less attention to the road, or assuming their car can do more than the marketing claims.

Tesla is currently facing a NHTSA investigation into its “full self-driving” feature, which has been involved with at least one pedestrian death and several accidents.

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Amazon is testing adding GM electric vans to its EV delivery fleet dominated by Rivian

Rivian may have some competition in its electric delivery van division: Bloomberg reports that Amazon is testing a small number of GM’s BrightDrop vans for its fleet.

According to Amazon, the test currently only includes a dozen of the vehicles. Amazon’s fleet also contains EVs from Ford, Stellantis, and Mercedes-Benz.

GM debuted BrightDrop in 2021, but the vehicles have struggled to sell and piled up on GM lots due to high prices and steep competition. GM began offering up to 40% rebates on the vehicles this year.

The test comes as Rivian struggles through tariffs and the end of EV tax credits. Earlier this year, it lowered its annual delivery outlook by about 13%. As of June, Amazon said it has more than 25,000 Rivian vans across the US. Earlier this week, Rivian CEO RJ Scaringe said the company is still on track to deliver 100,000 vans to Amazon by 2030 and is “thinking about what comes beyond” that initial target.

GM has sold 1,592 BrightDrop vans through the first half of the year, more than the full-year total it sold in 2024.

GM debuted BrightDrop in 2021, but the vehicles have struggled to sell and piled up on GM lots due to high prices and steep competition. GM began offering up to 40% rebates on the vehicles this year.

The test comes as Rivian struggles through tariffs and the end of EV tax credits. Earlier this year, it lowered its annual delivery outlook by about 13%. As of June, Amazon said it has more than 25,000 Rivian vans across the US. Earlier this week, Rivian CEO RJ Scaringe said the company is still on track to deliver 100,000 vans to Amazon by 2030 and is “thinking about what comes beyond” that initial target.

GM has sold 1,592 BrightDrop vans through the first half of the year, more than the full-year total it sold in 2024.

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Paramount Skydance reportedly preparing an Ellison-backed Warner Bros. Discovery takeover bid, sending shares soaring

Paramount Skydance is preparing a majority cash bid for Warner Bros. Discovery, The Wall Street Journal reported, sending shares of both companies surging. The Journal’s sources say the deal is backed by the Ellison family, led by David Ellison.

WBD shares were up 30% on the report, while Paramount Skydance jumped 8%.

The offer would cover WBD’s entire business — cable networks, movie studios, the whole enchilada. That comes after WBD announced plans last year to split into two divisions: one for streaming and studios, the other for its traditional cable and TV assets. A recent Wells Fargo note gave WBD a price target hike, primarily because the analysts viewed it as a prime takeover candidate.

If the deal goes through, it would bring together HBO, CNN, DC Studios, and Warner Bros.’ film library with Paramount+, Nickelodeon, and MTV, all under one umbrella.

The offer would cover WBD’s entire business — cable networks, movie studios, the whole enchilada. That comes after WBD announced plans last year to split into two divisions: one for streaming and studios, the other for its traditional cable and TV assets. A recent Wells Fargo note gave WBD a price target hike, primarily because the analysts viewed it as a prime takeover candidate.

If the deal goes through, it would bring together HBO, CNN, DC Studios, and Warner Bros.’ film library with Paramount+, Nickelodeon, and MTV, all under one umbrella.

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