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3 Tesla models top the list of cars with the fastest-rising insurance costs - MarketWatch

1. Tesla vehicles have the fastest-rising insurance costs, particularly the Model Y. 2. Model Y insurance costs increased by 29% over the past year. 3. EV and hybrid cars have higher insurance costs due to expensive repairs. 4. Tesla's structural battery increases replacement costs significantly. 5. Insurance complexities and natural disasters are impacting overall auto insurance rates.

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FAQ

Why Bearish?

Rising insurance costs could deter potential Tesla buyers, impacting sales. Historically, increased ownership costs lead to decreased demand, as seen with luxury brands in recessive markets.

How important is it?

High relevance as rising costs could shift consumer sentiment and demand for TSLA. Insurance expenses are crucial for buyer decision-making.

Why Short Term?

Immediate impact due to consumer perception of rising costs. As prices rise, consumer demand may adjust rapidly as seen in prior auto market shifts.

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