Tesla Laments Collision Figures, Shares Stumble

Tesla (NASDAQ:TSLA) drivers in the U.S. were involved in accidents at a higher rate than drivers of any other brand of vehicle over the past year, according to a new study of 30 automotive brands.

The researchers at Lending Tree analyzed quotes from people looking to insure their own vehicles, and did not include collisions or incident data involving drivers of rental cars.

The study said: “It’s hard to nail down why certain brands may have higher accident rates than others. However, there are indications that certain types of vehicles attract riskier drivers than others.”

With 24 accidents per 1,000 drivers during the period from mid-November 2022 to mid-November 2023, Tesla drivers clocked in with the worst accident rate in the U.S., followed by Ram drivers who were involved in about 23 accidents, and Subaru drivers who were involved in about 21 accidents per 1,000 drivers during the year.

By contrast, drivers of Pontiac, Mercury and Saturn vehicles were all involved in fewer than 10 accidents per 1,000 drivers during the period of the study.

BMW drivers were the most likely to engage in driving under the influence, the researchers found. They were involved in about three DUIs per 1,000 drivers in a year, about twice the rate of DUIs among Ram drivers, who were the second-worst drivers in this regard.

TSLA shares dipped $1.49 Wednesday to $255.73.

Tech Insider