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Jon Keegan

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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“Madden” maker EA surges on report it’s nearing $50 billion deal to go private

Shares of video game giant Electronic Arts are surging up more than 15% Friday following a Wall Street Journal report that the company is nearing a roughly $50 billion deal to go private.

According to the WSJ, an investment group including Saudi Arabias Public Investment Fund and PE firm Silver Lake (which is also part of the TikTok deal) could announce a deal next week.

In its fiscal first quarter that ended in June, EA delivered a disappointing net bookings outlook for the fiscal year.

Shares of EAs most intimidating competitor, Grand Theft Auto publisher Take-Two Interactive, climbed nearly 5% on the report.

In its fiscal first quarter that ended in June, EA delivered a disappointing net bookings outlook for the fiscal year.

Shares of EAs most intimidating competitor, Grand Theft Auto publisher Take-Two Interactive, climbed nearly 5% on the report.

$12.5B 🛍️

Uber’s relying less on pad thai from 0.8 miles away. The company expects gross bookings (what customers spend) of non-restaurant deliveries to grow to $12.5 billion by the end of the year, according to reporting by Bloomberg.

The new forecast marks a 25% boost from the $10 billion estimate Uber shared in May for the delivery of groceries and items from retail partners like Best Buy.

Through the first half of the year, Ubers total delivery gross bookings climbed to more than $42 billion, up about 18% year over year. That nearly matches the gross bookings of its ride-hailing business in the same period.

NikeSKIMS

Nike, trying to break out of its funk, launches its high-stakes collab with Kim Kardashian’s Skims

The partnership champions women athletes and tests how far Kim K’s star power can stretch in the women’s activewear arena.

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