This is kind of buried in the article, but it annoys me when articles lead with a clickbait title and then basically admit in their own article how their clickbait title is bullshit. That is, even though the loss ratio is much higher than the industry average and indicates a loss, it has been going down for the past 3 years (116.6 in 2022, 114.7 in 2023, and 103.3 in 2024). I would expect that any startup offering would start out with a loss that then eventually turned to a profit over time.
All that said, I think Tesla and the EV industry as a whole will need to do a lot to bring down their repair costs. It's insane that these cars are designed in such a way that even minor fender benders cost tens of thousands to repair. I actually think government should create liability limits for vehicles to incentivize car makers to make repairable cars. That is, if you're driving around with a Faberge egg as a hood ornament, and I ding it, I don't think I should be responsible for the outrageous repair charges - the recklessness was on your side, in my opinion, for putting such a fragile/expensive machine on public roads. Otherwise car makers have little incentive to improve the repairability of their cars.
All that said, I think Tesla and the EV industry as a whole will need to do a lot to bring down their repair costs. It's insane that these cars are designed in such a way that even minor fender benders cost tens of thousands to repair. I actually think government should create liability limits for vehicles to incentivize car makers to make repairable cars. That is, if you're driving around with a Faberge egg as a hood ornament, and I ding it, I don't think I should be responsible for the outrageous repair charges - the recklessness was on your side, in my opinion, for putting such a fragile/expensive machine on public roads. Otherwise car makers have little incentive to improve the repairability of their cars.