While Tesla builds only two models and last year sold just 50,000 vehicles, GM, Ford and Daimler Today Reuters reports that while Tesla has been steadily reducing its warranty costs since 2014, it still spends twice as much as Ford and General Motors. Last year Tesla spent $1,043 per vehicle on actual repairs and set aside $2,036 in warranty accruals for future repairs, while GM spent just $400 and set aside $332, and Ford spent $429 and set aside $308. Reuters reports that these high costs reflect Tesla’s ongoing problems with quality as a relatively new and small-scale automaker. Tesla has acknowledged the problem, with CFO, Jason Wheeler, telling analysts earlier this year that as Tesla cars become more reliable, "that reduces our warranty. We have to be able to make sure we can keep up with that."
Today Reuters reports that while Tesla has been steadily reducing its warranty costs since 2014, it still spends twice as much as Ford and General Motors. Last year Tesla spent $1,043 per vehicle on actual repairs and set aside $2,036 in warranty accruals for future repairs, while GM spent just $400 and set aside $332, and Ford spent $429 and set aside $308. Reuters reports that these high costs reflect Tesla’s ongoing problems with quality as a relatively new and small-scale automaker. Tesla has acknowledged the problem, with CFO, Jason Wheeler, telling analysts earlier this year that as Tesla cars become more reliable, "that reduces our warranty. We have to be able to make sure we can keep up with that."