Not sure where I saw it, but someone made a comment in another thread about how Tesla must have extremely high warranty costs with all the issues we discuss here.
I was curious, so I did some digging, and found it interesting that (at least through EOY 2021), that was not the case.
For 2021, Tesla had a 1.3% claim rate (as a percentage of sales).
I find that remarkable considering a longer warranty than most competitors, yet still less....
Furthermore, they appear to be planning for the future, as even though they have a 1.3% claim rate, the accrual rate (amount set aside for future warranty costs) are at 2.3% so they could easily weather a minor storm / increase in claims.
The article I pulled this from mentions Tesla has been over accruing for a while so its not like they are EXPECTING to get hit, more likely they are just keeping it high to ensure future financial stability.
Also interesting that they set aside less per vehicle than many other "luxury" brands, again, despite the much longer warranty.
Again, this is 2020 data, and the reference that got me looking for this was talking about current models so MAYBE this will look differently when data is filed next year but at least based on this, I would say Tesla is doing better than many here would perceive.
For the rest of the story, see here:
I was curious, so I did some digging, and found it interesting that (at least through EOY 2021), that was not the case.
For 2021, Tesla had a 1.3% claim rate (as a percentage of sales).
I find that remarkable considering a longer warranty than most competitors, yet still less....
Furthermore, they appear to be planning for the future, as even though they have a 1.3% claim rate, the accrual rate (amount set aside for future warranty costs) are at 2.3% so they could easily weather a minor storm / increase in claims.
The article I pulled this from mentions Tesla has been over accruing for a while so its not like they are EXPECTING to get hit, more likely they are just keeping it high to ensure future financial stability.
Also interesting that they set aside less per vehicle than many other "luxury" brands, again, despite the much longer warranty.
Again, this is 2020 data, and the reference that got me looking for this was talking about current models so MAYBE this will look differently when data is filed next year but at least based on this, I would say Tesla is doing better than many here would perceive.
For the rest of the story, see here:
