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For example, a 2022 Model Y Long Range that was involved in a front collision and listed by IAA in early January had a retail price of $61,388 and an estimated repair cost of $50,388. Another Model Y that suffered a side collision had a retail price of $72,667 and an estimated repair cost of $43,814.
During Tesla’s fourth-quarter earnings call on Wednesday, CEO Elon Musk said the automaker is making changes to vehicle design and software to lower repair costs and premiums. With such technologically advanced EVs, even minor bumps and scrapes can cost a fortune to fix.