It’s here. Software Version 10.0 – our biggest software update ever. We’re raising the bar for what people have come to expect from their cars with new entertainment, gaming, music, and convenience features designed to make your car much more capable, as well as making time spent in your car more fun.
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.
For more than a decade, Tesla engineers have been obsessed with making the world’s most efficient electric vehicles. As a result, Tesla vehicles already travel farther on a single charge than any other production EV on the market. Today, we’re making changes to Model S and Model X that allow them to travel unprecedented distances without needing to recharge, beating our own record for the longest-range production EVs on the road. And we’ve accomplished this without increasing the cars’ battery size, proving that our expertise in system-level design can make our cars dramatically more efficient.
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.
Model 3 has been the best-selling premium car in the U.S. for the past three quarters, and we’ve heard from Model 3 owners around the world that they love their cars. It has the highest consumer satisfaction rating of any car in the world.
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.