We engineer our cars to be the best in the world – in every category. Model 3, our most affordable car yet, is no exception. From the start, we designed it to be among the safest cars ever built, with the goal of getting as many Model 3s on the road as possible to further our mission.
Starting today, we’re launching Tesla Insurance, a competitively priced insurance offering designed to provide Tesla owners with up to 20% lower rates, and in some cases as much as 30%. Tesla Insurance offers comprehensive coverage and claims management to support our customers in California, and it will expand to additional U.S. states in the future.
Less than two years ago, Tesla built and installed the world’s largest lithium-ion battery in Hornsdale, South Australia, using Tesla Powerpack batteries. Since then, the facility saved nearly $40 million in its first year alone and helped to stabilize and balance the region’s unreliable grid.
At Tesla, we’re deeply committed to safety, which is why we engineered Model 3 to be the safest car ever built. In the U.S., Model 3 has already earned an overall 5-star rating from NHTSA (National Highway Traffic Safety Administration), including earning 5-stars in every category and sub-category, and scoring the lowest probability of injury of any car ever evaluated by the U.S. New Car Assessment Program.
While no car can prevent all accidents, we work every day to make them less likely to occur. The massive amount of real-world data gathered from our cars’ eight cameras, 12 ultrasonic sensors, and forward-facing radar, coupled with billions of miles of inputs from real drivers, helps us better understand the patterns to watch out for in the moments before a crash.
Today, we’re publishing our first ever Impact Report, which measures the impact our products and operations have on the environment and our communities. We believe the faster the world moves towards a zero-emission future, the better, so we’re working hard to minimize our greenhouse gas footprint, while investing in our employees and the communities in which we operate. We look forward to sharing further progress in future reports.
Since we first introduced Navigate on Autopilot last year, Tesla drivers have traveled more than 66 million miles using the feature, and more than 9 million suggested lane changes have been successfully executed with the feature in use. We’ve heard from our customers that it makes road trips and highway driving more relaxing, enjoyable and fun, and gives them an easy way to follow their car’s navigation guidance when traveling on an unfamiliar route.
Customer referrals have been a key part of our growth ever since we began selling Roadster in 2008. Since then, our customers’ enthusiasm for their vehicles has propelled Model 3 to become the best-selling luxury car in the U.S. and the best-selling electric vehicle in the world last year. We’ve heard from our customers that the Referral Program was one of their favorite reasons to tell their friends about Tesla, so today, we’re introducing an all-new Referral Program to give customers another way to share what they love about their cars.
Tesla has more than 12,000 Superchargers across North America, Europe, and Asia and our network continues to grow daily: more than 99% of the U.S. population is covered by the network, and we anticipate similar coverage in Europe by the end of 2019. Recently, we passed 90% population coverage in China and are growing that number quickly. However, in order to drive continued electric vehicle adoption and further accelerate the world’s transition to sustainable energy, charging needs to be even faster, and the number of vehicles able to charge at a location in a day needs to be significantly higher. Today, we’re unveiling V3 Supercharging, the next step in the growth of Tesla’s Supercharger network. V3, which is born from our experience building the world’s largest grid-connected batteries, enables our vehicles to charge faster than any other electric vehicle on the market today.